Survey by the National Confederation of Industry shows that 60% of the companies in the sector adopted measures to reduce spending with employees, such as mandatory vacations, less shifts and layoffs.
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The United States currency was up 1.29% this Tuesday and closed at R$ 3.183, the highest price since May 29th.
With the domestic market slumping, the sector searches for a recovery of foreign sales as a way to produce more. Decline of 11.2% in revenues should improve to almost half of this percentage until the end of the year.
In the first three business days of July, Brazil’s balance between exports and imports registered a surplus of US$ 636 million. Year-to-date, the surplus stands at US$ 2.8 billion.
The increase in exports was one of the few good news released by the automakers association about the first half. Output is down 18.5%.
Financial institutions polled by the Brazilian Central Bank have changed their economic contraction estimate for 2015 from 1.49% to 1.5%, for the seventh straight time.
The amount traded at the São Paulo Stock Exchange was down from US$ 45.8 billion in May. The primary index was up 0.6%.
Research by Ernst & Young shows that among executives from the sector’s companies, 56% intend to do mergers and acquisitions during the next 12 months. The survey has worldwide scope.
Market access actions and financing are part of the government package and could help small-sized companies sell abroad. However, specific measures targeting the segment are lacking.
United States jobs creation data caused the country’s currency to debase. The São Paulo Stock Exchange closed slightly up.
Items by brand Del Lima, owned by entrepreneurs from Rio Grande do Sul and Santa Catarina states, are sold at a store in the UAE’s Dubai Mall. High luxury line features diamonds, emeralds and rubies.
In Brazil, exports surpassed imports by US$ 2.2 billion from January through June, the highest first-half surplus since 2012. Exports and imports both declined, but the latter dropped by a higher rate.
US dollar outflows from Brazil were higher than inflows in almost US$ 4 billion in the month up until June 26th.
The brand Pont du Kaftan participated in a parade organized by project Fashion Inclusive Brazil in Rio de Janeiro. The initiative will select clothes by the brand to be sold online.
