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Production in Brazil averaged 2.624 million barrels a day, gas included, up 9% from October 2015. In October from September, however, output was down 1.8%.

It was the 7th consecutive quarter-on-quarter contraction according to the Brazilian Institute of Geography and Statistics (IBGE). Brazil’s Ministry of Finance points to corporate indebtedness as the cause.

Price increase in October was 0.1%, below the 0.47% registered in September, and the 1.77% registered in October of last year. The data is from the Brazilian Institute of Geography and Statistics (IBGE).

Business marathon Creatathon’s winning entrant will get developmental support from Google Campus. Two runners-up will be backed by Sebrae, the Brazilian Micro and Small Business Support Service.