The number of units sold dropped 17% in February in relation to January. Production, however, rose 19% in the same comparison.
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Production was up 2.9% according to the Brazilian Institute of Geography and Statistics. Output from the capital goods industry was up 10%, the highest rate of all industries surveyed.
The market’s share in total foreign sales from Brazil went from 4% in the first two months of 2013 to 5% in the same period this year. Sales to the region were up 46%.
The result in February 2014 is down 19.8% from February 2013, but up from January this year.
According to a poll of financial institutions conducted by the Brazilian Central Bank, the country’s economy should be up 1.68% in 2014. The prior projection was 1.70%.
Expodireto Cotrijal opens this Monday (10) and will receive delegates from six Arab companies for business matchmaking rounds. The event is a hub for crop sales and introduction of new technologies.
Agreement provides for Iraqi oil to be taken to Jordan. From there, product will be transported to Egypt to be refined and exported to African countries.
The conference will take place from March 24th to 28th, featuring ministers from countries in the region. One of the subjects will be the participation of African youths in agribusiness.
Next month, Brazil will start exporting the 2013/2014 crop. Still, commodities’ prices and oil and oil products’ imports should impact upon agricultural sector performance in 2014.
LBCI is featuring a series of shows on personalities of Lebanese ascent. Episodes with Michel Temer and Amyr Klink have aired. On Friday, São Paulo city mayor Fernando Haddad will be in the spotlight.
Deficit last year was US$ 2.1 bn, the biggest since the beginning of the historical series, in 1994. This year, the balance is negative in US$ 6.1 bn.
Watch in this episode: Arab ambassadors visit the state of Bahia; the Unesco Sultan Qaboos Prize for Environmental Preservation; the cosmetics market in Brazil; and a visit to Cuiabá, one of the Brazilian cities that will host the World Cup.
US dollar inflows exceeded outflows in February. In January, a US$ 1.6 billion surplus was recorded.
Industry sales have increased in the first two months this year from the same period in 2013, according to the National Motor Vehicle Distributors Association (Fenabrave).
