The Brazilian minister of Finance, Joaquim Levy, said that the government is moving in the right direction and that the country has the ability to recover fast and deal with political and structural issues.
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Withdrawals overcame deposits in BRL 1.3 billion (USD 347 million) in November, the 11th consecutive month with withdrawals on top. It was the worst result for the month in the Brazilian Central Bank’s survey.
In excess of 36,000 automobiles were shipped abroad from Brazil last month. Year-to-date, 369,500 units were exported.
An NGO will host a talk in the next three Saturday afternoons in São Paulo. The purpose is to help them understand how women are treated in Brazil.
A state government event gathered companies and civil organizations to show the importance of foreigners’ integration in the labor market. A job fair set to February 2016 will offer openings to immigrants.
An indicator from Brazil’s National Federation of Industry edged up 0.6 percentage point to 19.8% in quarter three.
Industrial output in Brazil dropped 2.7% in October from September, driven by a slowdown in oil products and biofuels production.
The low price of the commodity has led the country to ease down on its fiscal adjustment measures. The economy should slow down in 2015 and 2016, as per an International Monetary Fund report.
A Brazilian Central Bank index that tracks the prices of internationally traded primary products declined in November. In the 12 months leading up to November, the index is up 18.4%.
In November in Brazil, exports outpaced imports by USD 1.197 billion. Year-to-date, the country is running a USD 13.442 billion trade surplus.
Numbers from Brazil’s National Confederation of Industry show that real revenues dropped 4% in October from September. Employment and hours worked also declined.
The Brazilian economy contracted from July to September of this year from the preceding three-month period, according to numbers released by the Brazilian Institute of Geography and Statistics (IBGE).
Total trade was up 2% in the first half of this year, driven by the country’s exports, which grew 28%.
It was the worst-ever result for the month, the Central Bank reported. The federal government announced a BRL 11.2 billion (USD 2.9 billion) budget cut this Monday (30th).
