Sales of Brazilian products to the region grossed in excess of US$ 1.1 billion in June, the highest monthly revenue to date in 2015. In the first half of the year as a whole, however, export revenues declined.
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A report from Unctad advises that the sector’s potential be better explored in order to fuel jobs creation and growth in the continent.
A modernized version of the document, valid for ten years, was released this Friday (1st) by minister of Justice José Eduardo Cardozo. Security features have been improved.
The continent’s development bank will send resources to the support program on the economic competitiveness of the Arab country.
US dollar outflows were higher than inflows in June. During the first three business days in July, the foreign exchange balance is already running a US$ 1.5 billion deficit.
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.
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.
