Financial institutions surveyed by the Brazilian Central Bank worsened their estimation for the central government’s primary deficit this year, which previously signaled BRL 70.7 billion.
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The president called as ‘speculations’ the possibility of changes in the economic team and the internal use of international reserves.
Dollar inflows overcame outflows in Brazil in USD 191 million until March 11.
Deficit stood at USD 15.5 billion in 2015, a decline of 18.6% over 2014. Exports went up while imports went down.
Survey of the statistics institute shows little variation from the third to the fourth quarter. In the last three months of 2014, however, rate stood at 6.5%.
Estimation covers 12-month period that ended in January. Foundation says that December and January results could signal ‘subtle stability in economic activity’.
Brazilian bus manufacturer delivered 14 unities to the UAE in February and has other orders for 80 vehicles for the Middle East. With a favorable exchange rate, business was resumed after three years.
The surplus is the result of last week’s USD 3.33 billion in exports and USD 2.502 billion in imports.
This is the estimation made by analysts of the financial institutions for price rising this year. Again they lowered the number, which was at 7.59% last week.
The Brazilian Central Bank’s index that measures the performance of the economy declined in January over December. Over the same month in 2015, the decline was more abrupt with 6.7%.
Revenues from Brazilian sales to Arab countries reached USD 865.5 million last month. The biggest increases were in sugar and maize.
São Paulo state government will hold, on April 18th, a fair in the capital for the recruiting of immigrants. Registrations are open for those interested in offering posts.
Such was the decline in activity compared with January of last year, according to a survey from the Brazilian Institute of Geography and Statistics (IBGE).
An indicator released by think tank Fundação Getulio Vargas shows a 12.3 point decline in Brazilian industry intentions to invest this year.
