There was a 0.91% drop over July, in the widest month-on-month reduction since May 2015, the Brazilian Central Bank has reported.
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The Brazilian monetary authority slashed the benchmark interest rate by 0.25 percentage point, to 14% per annum. The move came as a result of a reversal of the food price hike.
A survey by the Brazilian Institute of Geography and Statistics (IBGE) shows that diesel was the product that yielded the most revenue for Brazilian industry in 2014.
The Leading Economic Index (IACE) rose 1.3% in September over August. It anticipates the economy’s trend in the short term. It was the eighth consecutive increase.
Brazilian foreign trade is on a streak of back-to-back surpluses. Last week saw exports exceed imports by USD 662 million.
Financial institutions polled by the Brazilian Central Bank believe the benchmark rate will be slashed following a meeting this week. The rate is seen ending this year at 13.5% and the next one at 11%.
The country sold 3,889 units abroad from January to September, generating USD 334,000 in revenues.
Prices will be down 3.2% for wholesale gasoline and 2.7% for diesel. Whether or not consumers will pay less for their fuel will be up to the retailers.
The Federal Revenue Service notes that the rule applies to all regular scheduled air services companies, both cargo and passengers, even in the case of payments made to low-tax countries.
The deficit from January to September of this year was around USD 4.2 billion.
A bilateral agreement signed last week allows the country to make loans to the Fund if needed.
Ores produced in the Arab country were shipped from the maritime terminal that the Brazilian company operates in the Sohar Port.
In the first week of October, USD 3.37 billion worth of goods were exported from Brazil, with imports amounting to USD 2.875 billion.
A poll of financial institutions by the Brazilian Central Bank returned an estimate of 7.04% for inflation in 2016, in the fourth straight downward week-on-week revision.
