A Brazilian Central Bank index was down 0.47% in April from March, in the fourth straight month-on-month drop.
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Emirates NBD survey shows that private activity increased in both countries in May. In Egypt, however, it weakened in the same month.
For the first time, the Saudi national petroleum company disclosed its public financial report and will make an unheard-of conference to present results in August.
The indicator declined 1% over Q4 2018, according to CNI.
Out of the 15 locations tracked by IBGE, ten saw industrial production increase in April from March.
The Arab country imported 1.1 million pairs from Brazil year-to-date through May, up 96% year-on-year.
The estimate regarding the Public Investment Fund (PIF) is from the Institute of International Finance. The amount could increase to USD 400 billion by 2020.
Brazilian banks expect the economy to grow by 1% in 2019, the 15th straight downward revision of the estimate.
IPEA Gross Fixed Capital Formation Indicator (FBCP) increased from March, but declined year-on-year.
An office opened in the emirate’s oil industry zone, and a refinery is slated for construction.
Output reached 276,000 units in May, up 30% from a year ago. Industry employees declined 1.8% year-on-year.
External purchases reached USD 2.82 billion year through April, a 11% year-on -year decline.
World Bank resources will finance reforms, balance the budget, and boost growth and job creation in the country, which suffers from the high cost of energy and a large inflow of Syrian refugees.
The Bank has revised down its forecast for Brazilian GDP growth this year in 0.7 percentage point, to 1.5%.
