Industrialists gained confidence from July to August in Brazil, according to research by the National Federation of Industry (CNI). Index hadn’t surpassed 50 points since March 2014.
Browsing: Economy
The country registered a USD 1.685 billion surplus in the second week of the month, up from USD 637 million in the first week.
Financial institutions increased from 7.2% to 7.31% their estimate for inflation in Brazil and from 13.5% to 13.75% their forecast for the benchmark interest rate.
A Brazilian Central Bank index shows contraction of GDP in Q2 from Q1 2016. Year-on-year in Q2 saw a much wider drop at 4.37%.
The Brazilian National Development Bank incurred a net loss in the first half of this year. In the comparable period of 2015, it registered BRL 3.5 billion in profit.
Total revenue went down, but the vehicles, trailers, semi-trailers and auto parts maker increased its foreign sales in quarter two of this year. The Middle East’s share in the company’s total sales remained flat.
The funds will be used to support a comprehensive economic reform program that aims to bring down the country’s debt and secure social services.
Pamonha Gourmet exports the frozen product to six European countries. The company directs 30% of its sales to markets abroad and now is in negotiations to enter the Middle East.
Financial institutions polled by the Brazilian Ministry of Finance are expecting the National Treasury, Social Security and Central Bank to run a USD 50.5 billion deficit, up from USD 49.4 billion in the prior forecast.
In a lecture at the Arab Chamber, the sociologist said that Brazil needs to get into international agreements to take part in trade’s new rules. He also pointed out that the window for bilateral agreements is closing.
Retail sales volume went up 0.1% from May to June, according to the Brazilian Institute of Statistics.
In the first week of the month, exports from Brazil were USD 637 million higher than imports, but total amounts imported and exported shrank in comparison with a year ago.
The nine Brazilian airports handling Olympic Games tourists saw an influx of nearly 3 million passengers from July 31 to August 6.
Financial institutions polled by the Brazilian Central Bank believe the economy will shrink by 3.23% this year. The projection is down from 3.24% last week.
