Retail sales dropped 0.4% in April over March and 3.5% in comparison to April of last year, according to the statistics institute.
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Purchases from neighboring countries could be expanded, according to the executive secretary of the Ministry of Mines and Energy. The level of the hydroelectric plants’ reservoirs declined.
Exports exceed imports by US$ 678 million last week in Brazil, according to the Ministry of Development. Surpluses were also registered in the first two weeks of the month and to date this year.
The estimate for the Extended Consumer Price Index (IPCA) climbed from 8.46% to 8.79% this year, as per a Brazilian Central Bank poll. The projection for next year is 5.5%.
The organization will host a workshop for companies on June 25th. The goal is to show the new system that will eliminate physical procedures in origin certification, reducing lead times and costs.
There was a significant increase in foreign sales of products such as sugar, frozen beef and soybeans. The performance comes as Arab countries build inventories for the Ramadan.
Sales of Brazilian shoes abroad declined in the first five months of the year and in May alone. Among the Arabs, UAE was the top buyer.
In partnership with other companies, extraction reached 726,000 oil barrels per day in May. In total, however, production was lower than in April.
The launching of the 13th round happens in July, but the bidding process will only take place in August. In all, 266 exploration blocks will be offered.
Opt-Liss, a São Paulo state-based company exports its professional-use products to Libya, the UAE, Kuwait, and Saudi Arabia. These countries combined buy 40% of the company’s production.
According to the sector’s association, motorcycles international sales dropped 47.8% last month over the same period of last year. In all, 3,600 unities were shipped.
The oil industry accounts for over half of the country’s budget. Falling prices led to a 28% decline in quarter one this year.
The target set is part of the expansion plans of the DIFC, the Emirate’s financial free zone, for 2024. The goal is to triple the number of companies in the area.
In a lecture at the Arab Brazilian Chamber of Commerce offices, José Roberto Mendonça de Barros discussed the country’s current scenario and gave suggestions for businesses to navigate the crisis.
