The country saw 1.55 million units sold year-to-date through July. Foreign sales were down 38% during that.
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Oil extraction averaged 2.5 million bpd during the month, down 6.4% from May and 1.3% from June 2018.
Net profit soared to an all-time high for Brazil’s state-run oil company, at BRL 18.9 billion.
Brazil ran a USD 2.3 billion surplus last month, the lowest for the month since 2010. Both exports and imports slid.
Corporations run by federal government ran USD 6.5 billion in profit in Q1. BNDES saw the strongest numbers.
Monetary Policy Committee cut down Selic by 0.5 percentage point, to 6% per annum. Reduction is higher than forecasted by the market.
Jordanian airline recorded a USD 2.1 million net profit, against a net loss of USD 18 million a year ago.
The region’s economy is seen growing 0.5% this year according to the UN agency, down from 0.9% in 2018.
A National Petroleum Agency division superintendent said the auctions convey information regarding the pre-salt area and bring new investors to Brazil.
The country’s fiscal deficit grew significantly narrower year-on-year in the first half, to USD 1.5 billion.
The industry grossed BRL 6.75 billion, down 12% year-on-year, and exports are also on their way down.
Such is the amount available for Brazilian federal companies to invest during the rest of 2019.
The increment was driven by non-oil sectors including services, industry, public works and agriculture.
Deficit at public accounts was lower than a year ago, when it reached USD 3.6 billion.
