Data from the National Confederation of Industry (CNI) shows that 16.3% of Brazilian output was sold abroad last year. In 2015, this percentage was lower.
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Exports from Brazil to the Arab country were up 1.7% to USD 2.85 million in the first two months of this year. An industry spokesperson claims fluctuations in the USD dollar get in the way of business.
A partnership between the Brazilian government and the National Confederation of Industry will work to integrate 500 companies into the global market.
A 1.4% increment year-on-year capped a 34-month run of shrinking output in Brazil, according to numbers released by the Brazilian Institute of Geography and Statistics (IBGE).
Organization believes the world will see a 3.3% growth in 2017 and 3.6% in 2018. Brazil will register no growth this year and expand 1.5% next year, according to the organization.
Shipments generated USD 1.18 billion in February, the highest amount for the month, and almost USD 2 billion in the first two months of the year.
Data released by the Brazilian Institute of Geography and Statistics (IBGE) confirm the second straight year of recession in the country. The 7.2% drop in the 2015-2016 biennium was the biggest on record.
The Bellara complex will have an initial production capacity of 2 million tons of steel per year.
The first week of the month saw exports from Brazil reached USD 2.403 billion, with imports amounting to USD 1.705 billion.
Indicator measured by Fundação Getulio Vargas declined 8.5 points from January to February and is at its lowest level since May 2015.
Banks’ inflation forecasts for 2017 and 2018 remained the same. Next year’s inflation rate is expected to come at 4.5%. The forecast for the GDP signals a 0.49% growth.
A theme park that simulates a safari will rely on 14 vehicles supplied by the manufacturer based in Rio Grande do Sul, Brazil. The company plans to increase its sales to Arab countries.
For the 22nd consecutive month, net job creation was negative according to the General Register of Employed and Unemployed Persons (Caged).
Consumption went up in all four major sectors surveyed and in all five regions of Brazil. The biggest increase was in industry.
