The Brazilian economy slowed down month-on-month from June. In June from May, activity had declined by 0.73%, as per a Central Bank index that tracks the evolution of the economy.
Browsing: Economy
As per Federal Revenue Service data, US$ 25.3 billion were collected in August, the lowest level for the month in five years.
Index from the National Confederation of Industry hit 35.7 points, the lowest score since records started being kept in 1999.
The International Logistics workshop is set for September 30th in São Paulo. Representatives of the Emirates SkyCargo and MSC Brasil will speak about the main topics and services for the transportation of goods abroad.
Foreign investors were responsible for 61% of stock purchases in the emirate this week and for 54% of sales.
Director of the Communications Department, Gerry Rice says that measures announced by the government are a ‘positive step’ in search of fiscal balance.
Ranking by Grant Thornton International consulting firm shows that the country was well rated in human capital. The survey assesses environments for business growth.
Following a meeting with local authorities, IMF staff claim the Arab country is on track to growth and economic rebound, but needs to reduce its deficit and create jobs.
Expansion plan of the energy sector forecasts an increase of 55% in power generation in Brazil until 2024.
The Organization for Economic Co-operation and Development claims the country is in recession and estimates the economy should contract by 2.8% in 2015 and 0.7% in 2016.
Measures announced this Monday are intended to add US$ 16.7 billion to the Brazilian Federal Budget in 2016, between spending cuts and increased revenue collection.
Exports from the country exceeded imports by US$ 888 million last week. In the first week of September there was a surplus as well. Month-to-date, the surplus stands at US$ 1.4 billion.
A Brazilian Central Bank poll of financial institutions points to a 2.55% shrinkage of the economy in 2015. Last week’s forecast had been 2.44%.
Companies Docile and Peccin from Rio Grande do Sul, Brazil, certified their product lines as a strategy to boost sales to Arab countries. Now, they are already looking to break into new markets in the region.
