The bloc’s economy grew by a higher rate in quarter two than in quarter one, driven by growth in countries such as United Kingdom, United States and France. The Eurozone rebounded from retraction into growth.
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A survey from the Institute of Geography and Statistics points out that workers’ actual income was down 0.9% in July from June. As a result, Brazilians have lost consumption capacity.
The Brazilian Central Bank has announced to the market that it will hold two auctions this Thursday (22nd) on the interbank exchange market.
At a talk at the Arab Brazilian Chamber, Eduardo Giannetti said that forecasts for the potential growth of Brazil were excessively optimistic and that the rhythm of growth should remain low in the short run.
Domestic industry returned to growth, after a contraction in July. Activity in the sector reached 52.1 points, against 46 in the previous month.
The industry witnessed only eight operations of the type this year. China’s economic slowdown and ore price variations have caused the decline.
Brazil’s US$ 334 million deficit resulted from US$ 4.686 billion in exports and US$ 5.02 billion in imports.
A company in São Paulo developed a bottling process that allows the juice to last eight months. Product was launched in 2012 and is being shipped to Europe. There have been talks for sales to Arab countries.
The organisation has optimistic forecasts for growth of Brazilian government revenues this year. From January to July, federal revenues have totalled US$ 266 billion.
Increased confidence of industrial businessmen, shown in a CNI survey, will translate into new investment, according to the CNI chairman. ‘All sectors have a more optimistic view of the country,’ he said.
Nearly 65,000 units have been sold in the first half of August, up 0.8% from the same period in July.
The indicator measured by the National Confederation of Industry has risen from 49.9 to 52.5 points. Still, it remains at a low level, according to the organization.
The share of imported items in the Brazilian industry stood at 21.1% in the 12-month period ended June, according to figures from the National Confederation of Industry.
Brazilian sales of the product to the Arab country stood at US$ 10 million in the first seven months of this year. In contrast, shipments to the Saudis fell 21%.
