Habitually on a surplus, the country’s trade balance swung to a US$ 744 million deficit last month.
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Bilateral trade in goods and services with the rest of the world was negative by US$ 6.9 billion in April, the Central Bank reported. Year-to-date, there is a US$ 32.4 billion deficit.
The drop occurred in the first four months of the year over the same period of last year. The amount spent in other countries was US$ 6.8 billion. Spending abroad also dropped in April.
Watch in this episode an interview with Christophe Didier, general director of Etihad Airways in Brazil.
The Brazilian trade balance stood positive last week with US$ 296 million, a result of US$ 4.143 billion in exports and US$ 3.847 billion in imports.
As per a Central Bank poll of analysts, the benchmark interest rate should be 13.75% by year end in 2015. The prior estimate was 13.5%.
The company Invicta exports to Kuwait, United Arab Emirates, Saudi Arabia, Yemen and Lebanon. Buyers from the Middle East import from the simplest to the most sophisticated models.
The total amount held back reached US$ 22.8 billion and will be cut from, mainly, the investments planned by the Growth Acceleration Program.
According to the airlines’ association, the increase in demand in April was of 3.09% over the same period of last year. The seat capacity increased 1.31%.
In a speech in Rio de Janeiro, the managing director of the international Monetary Fund said the country is taking the necessary measures to steer the economy back to growth.
In a social project of a municipality in Pernambuco state, seven craftsmen manufacture wooden toy cars and games that are sold via internet. Pieces were already exported to Europe.
The Brazilian federal government’s policy-making arm for international trade has slashed import rates on goods used in manufacturing textiles, lamps and herbicides.
A report from the organization mentions the country as a reference, alongside Peru, Mexico, Argentina and Chile, but warns that Latin America remains one of the most unequal regions in the world.
A survey from the Brazilian Central Bank shows a slowdown from February. Year-on-year, there was an even bigger retraction at 2.7%.
