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.
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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.
The Brazilian monetary authority has changed its estimate for this year from 6.6% to 6.9%, but revised down the expected rate for 2017.
Last week in Brazil saw USD 4.009 billion in exports and USD 2.909 billion in imports. The month-to-date surplus reached USD 3.4 billion.
The index measured by Fundação Getulio Vargas reached 71.3 points in June, its highest level since the same month in 2015.
Brazil’s Institute of Applied Economic Research (Ipea) reports that there are signs of improvement, but the path to recovery will be a long one.
The struggles and the potential of foreigners looking to rebuild their lives in Brazil will be addressed in presentations, and then groups will work on solutions.
