The deficit reached US$ 2.842 billion in February, pushing the year-to-date deficit to US$ 6.016 billion. Trucker protests prevented cargo from being loaded towards the end of the month.
Browsing: Economy
Banking institutions polled by the Central Bank believe the benchmark interest rate will be 13% by the end of the year, i.e. 0.75 percentage point higher than the current rate.
The industry confidence index measured by Fundação Getulio Vargas reached 83 points in February. The January score had been 85.9.
Developed by the Brazilian Micro and Small Business Support Service (Sebrae) in Santa Catarina state, Programa Exporta SC prepares small and medium-sized businesses for the foreign market.
The January surplus shrank 20.2% from January 2014 to US$ 3.6 billion, according to the Brazilian National Treasury Department.
Revenues from exports to the region reached US$ 1.26 billion in 2014, down 15%. The company posted lower gross operating revenues and higher losses due to lower ore prices.
David Barioni Neto has taken office as head of the Brazilian export promotion agency. Brazil’s Development minister Armando Monteiro Neto is chairman of the Advisory Board.
Brazil exported US$ 785 million in machinery in the first month of the year. Imports grossed US$ 2.616 billion, an increase of 19% over December.
The Brazilian president has commented on the state-owned oil company’s credit rating cut by Moody’s. She believes the company will recover ‘without any major repercussions.’
Research center called FamilyD brings information about Lebanon’s history, culture and current issues, besides the archive with data about the family immigration to Brazil.
Despite the dollar being appreciated over the real, Brazilians spent US$ 2.2 billion in international trips in January, an increase of 4% over December and over the same month of last year.
Brazil’s foreign sales revenues dropped last week and to date in February. The trade balance stands negative in the week, month and year.
An index that measures how much is produced per hour of work has increased in the country over a ten-year period, but is lower than those of the 11 other countries surveyed.
The Focus Bulletin, a poll of financial institutions conducted by the Brazilian Central Bank, shows the GDP is expected to shrink and inflation is expected to go up.
