The Brazilian Central Bank’s Brazil Commodities Index index was down 1.24% last month, but up 5.47% throughout 2014.
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Outgoing US dollars from Brazil were in excess of inbound ones by over US$ 9 billion. In December alone, there was a US$ 14 billion deficit.
Output was up 13% year-on-year in Brazil in November, but declined by 1.5% in November from October 2014.
The country sold nearly US$ 3 billion worth of hides and skins to foreign countries last year, up 17% from 2013.
The reduction in the commercialization of cars, utility vehicles, trucks and buses was of 7% in comparison to 2013. A drop of 0.5% over last year is expected in 2015.
The trade balance was at minus US$ 3.93 billion in 2014, the result of US$ 225.1 billion in exports and US$ 229 billion in imports.
According to the Brazilian Central Bank’s Focus report, the analysts’ estimation for 2015 is at 6.56%, above the ceiling of the target rate established by the government.
One of Brazil’s leading high-end fashion brands has incorporated influences from the Arab country to the design of its high summer clothes. It has nine outlets in the country and sells its own creations.
Brazilian minimum salary will be readjusted in 8.8%. Presidential decree confirms the value included in the budget proposal sent to Congress.
It was the worst result for November since the Central Bank started keeping records in 2001. The federal government and regional governments all posted deficits. State-owned companies had surplus.
The index, measured by Fundação Getulio Vargas, dropped 1.5% from November to December in Brazil after a two month high.
Throughout the month, the emirate will offer discounts at stores, prizes and live concerts. In 2015, the event, which has attracted 56 million visitors, will see its 20th edition.
Tanger Med handled 3 million containers this year and reached its full capacity. A new terminal is set to be inaugurated in 2015.
Brazilian state-owned oil company produced 2.29 million barrels of oil and liquefied natural gas (LNG) last Sunday, the biggest daily volume ever.
