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%.
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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.
Brazilian foreign sales in the sector dropped from 52,700 units in April 2013 to 36,700 last month, according to Anfavea. The figures include cars, light commercial vehicles, trucks and buses.
Managing director of the IMF said in Rabat, Morocco, that the nations of the Arab Spring need to boost small and medium-sized companies and the growth of middle class.
Exports are benefiting from the scenario of higher global growth and the rising dollar, according to report of the Brazilian Central Bank.
Foreign sales from Brazil amounted to US$ 3.2 billion in Q1, an increase of 27.8% over the same period last year.
The IMF says the fiscal reform implemented in 2012 is bearing fruit. According to forecasts, inflation should decline and the economy should grow further, but the Fund warns of high unemployment.
Report on the economic perspectives for the Middle East and North Africa shows that countries will grow in 2014 and 2015, though all of them will have long-term challenges.
Celso Amorim said the mark would ideally be attained within a ten-year period. At this time, 1.5% of Brazil’s Gross Domestic Product is allocated to the sector.
