The Brazilian Institute of Geography and Statistics (IBGE) released economic results for last year this Thursday (03). Recession was the most severe since record-keeping began, in 1996.
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The economist José Mendonça de Barros will outline the perspectives for Brazil and the world in a lecture next Monday.
The index that gauges retail business owners climbed 2.2% in February from January. Even so, the final score still shows pessimism.
The United States currency was selling for BRL 3.94 by closing time today, fuelled by good news from abroad. Brazil’s trade surplus was another factor fuelling the market.
The facility accounted for 28% of Brazilian foreign trade in January, a 5.26% increment over January 2015.
Foreign sales from the country fetched USD 13.348 billion in February, up 4.6% from a year ago, with the ensuing trade surplus exceeding the USD 3 billion mark.
The company’s production averaged at 2.65 million barrels of oil equivalent per day, which ws less than in December, due to scheduled rig maintenance shutdowns.
A poll of financial institutions conducted by the Brazilian Central Bank shows deteriorating expectations regarding the economy in 2016. Last week’s shrinkage forecast had been 3.40%.
Beginning on March 05 in Recife, Brazil, the historian and dancer Mell Borba will cover Arab rhythms, a bit of history and folk dances. The teacher is of Yemeni descent.
A meeting in Jeddah will bring together government officials and executives from 60 different countries, from March 01 to 03, to discuss public-private partnerships in the Arab country.
Brazil’s federal, state and municipal governments had a combined USD 7 billion surplus after eight straight months in deficit. The result even surpassed January 2015’s.
Such was the mining company’s result in 2015. In quarter four, it incurred BRL 33.1 billion in losses. The primary reason for the weak performance was iron ore prices.
Collection of part of the funds raised through auctions for renewal of hydroelectric plants concessions enabled a surplus in January, according to numbers from Brazil’s National Treasury.
Foreign sales of capital goods declined year-on-year in January in spite of a favorable exchange rate. The industry also saw net revenue go down.
