Contract signed by Brazil’s state-owned aircraft maker and Air Force concerns the government’s purchase of 28 KC-390 military aircraft. President Rousseff and São Paulo state governor Alckmin attended the inauguration of a hangar.
Browsing: Economy
According to the Brazilian Institute of Geography and Statistics (IBGE), the nominal growth of the sector was 6.8% in March over the same month in 2013.
Sales from Brazil declined year-to-date through April this year from the same period in 2013, to US$ 4 billion. Good news include higher shipped volume for meats year-to-date and for ore in April.
Watch in this episode: A campaign raised more than R$ 100,000 for Palestinian refugees; an exhibition about Oman at the Copacabana Palace hotel; the agribusiness fair Cotrijal 2014; and a visit to Salvador, Bahia.
In the third week of May, exports surpassed imports by US$ 563 million. In the first and second week, gains were US$ 226 million. Year-to-date, however, the result shows a deficit of US$ 4.777 billion.
According to figures compiled by the Brazilian Statistics Institute and issued by an industry association, clothes production increased in Brazil in Q1 this year, but textile output was down.
Brazil’s state-owned oil company Petrobras had an all-time high output, exceeding 470,000 barrels per day month-to-date until May 11th. Production originated from 24 wells.
According to the Brazilian Institute of Geography and Statistics, sales volume dropped by 0.5% in March from February. Sector revenues, however, increased by 0.5%.
Between January and April, Brazil exported 452,500 tonnes to the region, a volume 5% smaller than in the same period in 2013. Overall, the quantity shipped by the country grew 1.1%.
Company attributes increase in foreign sales in Q1 to diversification of markets. Bet is further increase in East Europe and Africa. Revenue and profit also grew.
The Organization of Petroleum Exporting Countries (OPEC) announced its production will increase to 29.8 million barrels per day in 2014, 100,000 more barrels than the predicted in April.
In the first two weeks of the month, exports surpassed imports by US$ 226 million. In the year, deficit is US$ 5.340 billion.
The estimate for 2014 was released by the oil company’s chairwoman Graça Foster during a conference with investors. Operating profit was up and net income was down in Q1.
A mission from the Fund says inflation has declined, foreign exchange reserves have increased and the external deficit has decreased in quarter one.
