Electricity generation was down 0.8% in Brazil in July from June, at 57,700 megawatts. A decline in demand from industry was one of the causes.
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The neonatology equipment producer has increased sales to the foreign market in the first half. Latin America was the main destination, but the company also exports to Arab nations.
From January to July, Brazilian foreign trade had a US$ 9.9 billion surplus, down 38.2% from the US$ 16.1 billion result in the same period of 2011.
Since 2011, the Brazilian Federal Savings Bank has loaned 13 billion reals (US$ 6.3 billion) to the oil, gas and naval industries. The bank wants to reach the 20-billion-real mark this year.
The outflow of foreign currency from Brazil exceeded the inflow by US$ 1.46 billion, according to the Central Bank.
Companies in the area signed a new agreement with Brazil’s Export Promotion Agency, to invest US$ 1.78 million for greater sales over the next two years. Equipment optimisation is among the targets.
The institution, whose controller is the Arab Banking Corporation, posted a net profit of US$ 27.1 million from April to June, down 8.6% from the same period of 2011.
Production reached 1.92 billion tonnes in the world last year. International trade broke a record, with turnover of 1.115 billion tonnes.
The Brazilian public sector posted a US$ 1.3 billion surplus in June, down from the result of the same month in 2011. The sum did not suffice to cover interest on the debt.
In the first half, there were 32 mergers and acquisitions in the business services sector, according to KPMG. Of those, 21 consisted of foreign-capital companies purchasing Brazilian ones.
Projections by analysts are for the economy of Brazil to grow 1.9% this year. Next year the estimate has dropped from 4.1% to 4.05%.
The cosmetics company’s presence is growing in foreign countries. In the second quarter, the number of consultants reached 280,000, and the net revenues they earned accounted for 10.8% of total revenu
The footwear company posted 222 million reals in revenues from foreign sales. The figure is equivalent to US$ 119 million, a 27% increase. The strategy is to export higher value-added shoes.
In the balance of the Growth Acceleration Programme, the Federal Government states that perspectives are uncertain, but that the economy of Brazil has started recovering its vigour.
