An indicator from Brazil’s National Federation of Industry edged up 0.6 percentage point to 19.8% in quarter three.
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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).
The Brazilian industry is expecting to process 33.2 million tons this year, down from 33.8 million tons in 2014, the organization Instituto Aço Brasil said.
A state government event on December 2nd will show Brazilian business owners that the immigrant hiring process involves no paperwork whatsoever. The goal is to find work for foreigners.
The buoyant dollar led expenditure by Brazilian citizens abroad to drop year-on-year in October, to USD 1 billion. Year-to-date spending also declined.
Brazil’s current account deficit declined to USD 4.1 billion in October, from USD 9.3 billion in October 2014, the Central Bank reported.
Next Saturday will see the International Embassies Fair at Brasília’s Mané Garrincha National Stadium. Organized by ambassadresses, the event will feature typical foods and products. 20,000 people are expected.
