Foreign sales of capital goods from Brazil soared in May and year-to-date. Europe and China were the top buyers.
Browsing: Economy
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.
Brazil posted a USD 1.2 billion surplus in May, the second monthly positive result back-to-back. The balance of trade was a major factor.
Expenditure by Brazilian travellers in foreign countries reached USD 1.113 billion last month. Foreigner spending in Brazil climbed to USD 434 million.
The event, organized by Brazil-Lebanon Cultural Center, will offer typical snacks and desserts as prepared by Brazilian families, games for the kids and dancing.
According to study by the institute of statistics, there is an excessive concentration of energy generation, distribution and logistics in Brazil’s Southeast, South and parts of the Midwest.
Dyogo Oliveira, minister of Planning, said that the measure that allows for foreign carriers to own Brazilian airlines could benefit routes to smaller cities.
