Industry association Abraciclo’s chairman Marcos Fermanian said the availability of credit was the primary driver of the increase.
Browsing: Economy
IPCA, official measure of inflation, slid by 0.04% last month
Foreign sales declined 7.1% year-on-year and 0.2% from August, Anfavea reported.
The Arab country’s economy grew 0.84% in the second quarter of this year, despite weaker oil industry performance.
The indicator from the National Confederation of Industry climbed in Q2 from Q1.
Volume reached 3.828 million barrels of oil equivalent per day in August, almost 3 million being in oil only.
Brazil ran a USD 2.2 billion surplus last month as exports cooled off and imports climbed, prompting the government to revise its yearlong estimate.
The World Trade Organization sees worldwide sales of goods going up 1.2% this year, down from last April’s 2.6% estimate.
A delegation from the northern Brazilian state visited the Arab Brazilian Chamber of Commerce’s international office in Dubai. Business owners are looking to carve out a market for themselves in the emirate.
Increase was recorded in August from July in survey by the IBGE. Year-on-year, it saw a decrease.
Forecasts from Brazilian financial institutions polled by the Brazilian Central Bank eased marginally, going from 3.44% to 3.43% for inflation and from 5% to 4.75% for the interest rate.
The company’s Brazilian arm supplies equipment to be used in works for the 2022 FIFA World Cup.
Six of the region’s economies are among the top 20 improvers in the World Bank’s ease of doing business list: Bahrain, Djibouti, Jordan, Kuwait, Qatar and Saudi Arabia.
June-August rate slid from 12.1% from a year ago and 12.3% in March-May 2019.
