Estimate by financial institutions for the economy’s growth next year went from 1.1% to 1.2%, according to survey done by the Brazilian Central Bank. For this year, forecast of 3.2% decline remains.
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Steel industry production declined in July and year-to-date on the back of weak domestic demand, but the amount exported from January to July increased.
The index released by the industry federation stood at 46.6 points last month. The number of jobs in the sector also decreased.
This year’s edition, to take place in São Bernardo do Campo, will be attended by Palestine’s minister of Religious Affairs, Mahmoud Habbash.
This week at the Dubai Foreign Market, foreign investors purchased USD 327 million worth of shares in the emirate this week, with sales reaching USD 299 million.
The Brazilian Ministry of Finance released its revised GDP estimate for 2017 this Wednesday (17), from 1.2% to 1.6%. The country is seen resuming growth in the final quarter of this year.
The facility in Pernambuco, Brazil put out over 3 million barrels of oil in July. Diesel and petroleum naphtha production also hit all-time highs.
Foreign sales totaled USD 6.9 billion from January to July. Performance was driven by machinery and electrical sectors.
The Education Center of the Federal University of Pernambuco and the Palestine-Recife Alliance are hosting debates and art shows focusing on the Palestinian issue on August 23 and 24.
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.
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.
