The first half of the year saw a 44% increase in foreign sales of trucks and a 24% increase in foreign sales of buses.
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A report by investment bank Alpen Capital brings a forecast of a 4.6% average growth per year, with revenues to reach USD 313 billion in 2021.
The decline took place from January to May in comparison to the same period of last year.
The North American currency ended the day at its lowest level since May 17. Bovespa ended today at the highest level since the same date.
Exports to Arab countries amounted to USD 564 million in the first half of the year, up 133% from a year ago.
The first half of the year saw 556,664 bags of the product shipped from Brazil to the region, down 5% from H1 2016. Export revenues increased to USD 97 million.
Sales increase 4.5% in May over the same month of 2016. Growth forecast was revised up, from 1.2% to 1.6%.
The region was targeted by USD 30.8 billion worth of foreign direct investment last year. The United Arab Emirates was the number one destination.
Shipments of the Brazilian product to the Arab country increased 40% in the first six months. Sales to the Middle East dropped 10% in the same period. Overall, there was a 6.4% decline.
Industrial production grew 0.8% in May, with the expansion taking place in the majority of the areas surveyed.
Brazil’s IBGE continues to forecast a record-high grain crop for this year. Its latest estimate is up 1.7 million tons from the previous one. The harvest is seen exceeding the last one by 30.1%.
Professor Roberto Khatlab will speak to a group of tourists at an event on Wednesday (12). The address will be open to the general public and delivered in Portuguese. Admission is free.
Mercedes-Benz do Brasil will ship this month to Abu Dhabi trucks of the model Atego 1725. They will be used by the Ministry of Defense for troops transportation.
The estimate of the economic impact of six years of war is from the World Bank, which has a report out on the matter.
