The Brazilian trade balance registered a surplus of USD 3.8 billion in September. Both exports and imports went down, but the latter had the sharpest decline.
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Brazil produced 3.3 million barrels of oil equivalent per day in August and surpassed record mark for the third consecutive month.
Banks estimate an inflation rate of 7.23% in Brazil this year. Last week’s forecast stood at 7.25%. The GDP forecast remains unchanged, signaling a decline.
The index reached 69.9 points in September, an increase over August and also over the same month of last year.
Márcio Félix, a secretary to the Brazilian Ministry of Mines and energy, spoke for the admission of partners to explore areas under concession since 2010 to the state-run oil company Petrobras.
The amount will support job creation in the Upper Egypt region. The area is home to 67% of the country’s poorest people. The loan is part of a program that will transfer another USD 7.5 billion to the nation until 2019.
From January to August, there was a deficit of BRL 71.4 billion (USD 21.90), according to data from the National Treasure. The year’s target is a deficit of BRL 170.5 billion (USD 52.31 billion).
In a report, the International Monetary Fund says that reforms announced by the government should bring growth back, however, warns that they need the Congress’ support.
Business owner and now perfumer Julia de Biase created four perfumes with scents typical of the Arab world to sell in her stores in the city of São Paulo. She offers fragrances for men and women.
Revenues from external sales by the capital goods industry amounted to USD 696 million last month. It went up over the same month of 2015 and over July. But the sector’s trade balance is still in deficit.
Total credit operations in Brazil amounted to BRL 3.1 trillion in August, the same as in July. In the whole year, however, the Central Bank is expecting a contraction.
A poll of Brazilian industrialists shows optimism is back regarding the activity growth outlook for months to come.
According to report made public this Tuesday (27) by the World Trade Organization, the deceleration of developing economies, such as Brazil, has drove down trade volumes.
The Brazilian Central Bank (BC) updated from 6.9% to 7.3% the forecast for the 2016 Extended National Consumer Price Index (IPCA).
