After three months dropping, Brazilian industrial activity grew 0.9% in October as against September. With regard to the same month in 2011, there was 2.3% reduction, shows the IBGE research.
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The US$ 186 million deficit was the result of US$ 20.472 billion in exports and US$ 20.658 billion in imports. Both foreign sales and purchases have declined.
Brazil’s National Confederation of Industries believes that the country’s Gross Domestic Product (GDP) should grow under 1% in 2012, but 4% next year.
Directors of Grupe Touati should participate in business roundtables in São Paulo to import food from Brazilian suppliers. The company is seeking attractive prices.
World Bank funding will be used in restructuring the country’s economy and rescuing people out of social vulnerability.
The Arab Brazilian Chamber met in São Paulo with representatives of similar organisations in other countries and ambassadors of the Middle East and North Africa.
Finance minister Guido Mantega said he is satisfied with the GDP’s growth in quarter three, but new measures will be announced next week.
The result was lower than expected. Out of the group comprising Russia, India, China and South Africa, Brazil was the worst performing country during the period.
The party took place on Thursday night at Mount Lebanon Club, in São Paulo. The organisation is prepared for current and future challenges, said president Salim Schahin.
The country’s banks got US$ 258 million from the European Investment Bank and the government will get US$ 500 million from the African Development Bank. The sum will bring about economic stability.
Cooperative Ecocitrus makes oil from organic fruit peel and sells it to a perfumery in France. It also makes juices which it has shipped to Dubai.
Revenues from foreign sales of Brazilian capital goods reached US$ 1.3 billion last month, up 13.6% from the preceding month.
Purchases rose 31.4% to US$ 1.8 billion and the main supplier was China. Also growing were exports to Brazil of garments made in the Arab world, but the values were low.
An IBGE research shows that revenues of richer families dropped from 64% to 57.7% of GDP and those of the poorest climbed from 2.6% to 3.5%. The figures refer to the period from 2001 to 2011.
