The Arab country bought USD 19.6 million worth of Brazilian shoes from January through November. Saudi Arabia’s imports declined.
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Year-to-date until November, administrative expenses increased in comparison to the same period of last year. But, with inflation adjustment factored in, spending was lower.
The state-owned company’s chief Aldemir Bendine told the press that it will emerge stronger and more mature from the crisis, and that performance will improve within four years.
The Brazilian Central Bank’s governor, Alexandre Tombini, said that next year the rise in prices will stand within the limit of 6.5% and that he expects the inflation rate to hit the target center of 4.5% in two years.
In November, the main fall happened with shipments of iron ore. Revenues totaled USD 849.2 million. In volume, sales declined 33%.
Demand increased in November from October in Brazil, according to a survey conducted by Serasa Experian. The biggest increment came from large businesses.
Brazil exported USD 4.2 billion and imported USD 2.6 billion worth of goods last week. Average daily foreign sales were up 12%, with purchases down 6.5%.
A Brazilian Central Bank poll of financial institutions shows that inflation is expected to rise this year and in the next as Gross Domestic Product (GDP) shrinks.
Language students from Unifesp, in Guarulhos, São Paulo, who taught Portuguese classes to the immigrants, have built a web portal featuring statements, interviews and photographs.
Brazil’s Development, Industry and Foreign Trade minister Armando Monteiro Neto said Brazil could see a USD 30 billion surplus as finished goods exports go up. He believes president Rousseff will not be impeached.
Three sections of the Port of Santos were leased for the next 25 years. Winners will be required to make investments.
US dollar inflows to Brazil were higher than outflows in November and in the first four days of December, the Central Bank reported.
Brazil grossed USD 3.04 billion from exports last week and imported USD 2.2 billion worth of goods. The country ran trade surpluses in the week and year-to-date.
From January to November in Brazil, 1,212,075 units were made, down 15% from a year ago. However, sales bounced back in November and the industry is expecting the economy to improve next year.
