May’s index went up 0.3% over the previous month. In comparison to May 2015, however, there was a decline of 7.2%.
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Installed capacity utilization rate stood at 76.9% in April, below 77.2% in March, according to a survey by the industry confederation.
Purchases of clothing abroad declined 60% in April over the same month of 2015, according to the sector’s association.
Brazil’s surplus stood at USD 6.437 billion, the best result for the month since 1989. Exports dropped 0.2% in comparison to the same period of last year. Imports declined 24.3%.
Brazil’s Gross Domestic Product reached BRL 1.47 trillion from January through March as per a survey from the Brazilian Institute of Geography and Statistics (IBGE). All three sectors of economy contracted.
The autonomous region in the North of Iraq is receiving more refugees and internally displaced people due to the conflicts in the region, but it can resume inclusive growth, according to the World Bank.
Brazil’s Federal Revenue has enacted a rule slashing the withholding tax on cash remittances to foreign countries for purposes of covering personal expenditures.
After two consecutive months with a deficit, the consolidated public sector registered a surplus in April.
Brazilian timber industry revenue was up 7.3% from January through April this year to USD 2.6 billion. The top-selling product was pulp.
The projection of price increases from financial institutions polled by the Brazilian Central Bank went up slightly this week, from 7.04% in the last one.
Brazil’s political and economic scenario calls for cautious managerial decision-making, but also for attention to opportunities. The subject will be discussed by executive and consultant Fernando Curado on June 14th at the Arab Chamber.
Under a partnership deal, the Fund’s technicians will provide guidance to Somali authorities in structuring the economy towards reducing indebtedness and later enabling access to credit.
The decline took place in April from March. The Brazilian National Treasury reported that both internal and external indebtedness levels shrank.
The Abu Dhabi-based airline and partner companies raised the funds through the issuance of bonds in the market.
