The costs of internationally traded basic goods in Brazil, tracked by the Brazil Commodities Index, remained level in June from May.
Browsing: Economy
Brazil produced more than 3.1 million barrels of oil equivalent per day in May. Extraction in the pre-salt layer went up 15% and reached 1.15 million barrels a day.
DGCX recorded 9.5 million contracts in the first half, the highest volume for the period. On June 24, the day after the Brexit voting, it saw the highest daily trading volume ever.
The Brazilian food company has approved the establishment of a subsidiary that will be in charge of producing, distributing and selling foodstuffs intended for Muslim markets.
Brazilian financial institutions are expecting the consumer price index to be 7.27% by the end of the year. Last week’s projection had been 7.29%.
Exports outpaced imports in the first half of this year in Brazil by the widest margin ever for the period. In June alone, a USD 3.9 billion surplus was achieved.
After two months going up, industry’s performance remained stable in May. With this result, in the first five months of the year the decline almost reached 10%.
Brazil’s National Monetary Council is required to establish a target two years ahead of time, with 1.5 percentage point headroom up or down.
The Brazilian minister of Finance said reliance on Brazil’s recovery is increasing and that the government’s team of economists is working to change the scenario around.
A study by the International Monetary Fund says that the Arab country will take more than 20 years to return to the economic level it had before the conflict.
Foreign sales of capital goods from Brazil soared in May and year-to-date. Europe and China were the top buyers.
With inflation accounted for, there was a decrease of 2.16% over April and of 2.13% in comparison with May of last year.
The federal, states and municipal governments incurred the widest primary deficit on record for a May last month, the Brazilian Central Bank reported.
Measured by Fundação Getulio Vargas, the index reflects, mainly, the improvement in business owners’ expectations to the future.
