Foreign sales of cars, trucks and buses were down 50.6% year-on-year in August. Revenues declined by 39.5%.
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In July from June, use of installed capacity went from 80.4% to 81%, as per a survey conducted by Brazil’s National Confederation of Industry.
The Brazilian-born architect Vincenzo Visciglia is getting ready to return to Brazil after a four-year stint in Dubai. In his luggage, he is bringing projects for opening a restaurant and clothes store chain.
The country has climbed from the 19th to the 12th position in the World Economic Forum’s ranking. The Middle East and North Africa scenario is a ‘mixed picture.’ Brazil has lost one position.
US dollar outflows from Brazil exceeded inflows by over US$ 3 billion last month, according to the Brazilian Central Bank.
A report from the Unctad ascribes the lack of economic growth in the Palestinian territories of the West Bank and Gaza, including small GDP, high levels of poverty and unemployment, to Israeli action.
Petrobras chairwoman Graça Foster has made an early announcement that the Brazilian state-owned oil company’s output is expected to have broken a new record in August, at roughly 2.1 million bpd.
The amount will be used to ensure economic stability and foster inclusive growth in the Arab country. Money will be made available in US$ 74 million instalments.
The country’s GDP slowed down to 2% growth in quarter two this year, as against 2.8% in quarter two 2013. The external deficit widened.
Auto sales slumped in August from July, as per information from the National Motor Vehicle Distributors Association. August-on-August, sales dropped by 16%.
Hike was 0.7% from June to July, after a five-consecutive-month decline. Durable consumer goods drove the increase.
The state-owned agency Apex is selecting enterprises with socially and environmentally impactful projects to meet with potential investors. Registrations are open until next Friday.
The company from the South of Brazil sells açaí cream and pulp to the United Arabs Emirates through the brand Amaçaí. They expect to increase shipments.
Brazilian foreign trade recorded a surplus for the sixth straight month in August and bounced back from year-to-date deficit for the first time in 2014.
