US dollar outflows exceeded inflows in Brazil by USD 4.2 billion last month.
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According to the WTO, global trade flows are poised to go up 2.6% in 2019, down from 3% in 2018, when it had already fallen short of expectations. Brazil lost one position on the ranking of leading exporting countries.
Surveys from Brazil’s National Confederation of Industry (CNI) and the Brazilian Institute of Geography and Statistics (IBGE) show that output from industry increased.
Brazil registered a USD 10.9 billion surplus in the first quarter, an 11% drop over the same period of 2018. In March, the balance stood at USD 5 billion, a 22% reduction.
Business Confidence Index measured by Fundação Getulio Vargas decreased by 2.7 points in March over February.
Brazilian financial market players’ 2019 economic growth estimate moved from 2% to 1.98%.
The North African country will host a world conference on the product next May, and it expects Brazilians to attend and consider both buying and taking part in product processing.
Arab air company received a jet E175 this Thursday. Another delivery is scheduled for the second quarter.
Indicator that measures the sector’s confidence dropped by 1.8 point in March over February.
Central Bank of Brazil revised its economy growth for this year from 2.4% to 2%.
State-owned company made a profit last year after a net loss of USD 442 million in 2017.
Brazil’s BNDES saw BRL 6.7 billion in net profit last year, driven by equity portfolio.
Brazilian monetary authority will sell USD 3 billion from Brazilian international reserves. Goal is to restrain dollar hike.
Thirty-six exploration blocks are slated to be tendered in October.
