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The economic activity index, measured by the Central Bank of Brazil, presented a drop in comparison with January. This was the worst result for the month, in this comparison, since the figure started being recorded, in 2003.

José Roberto Mendonça de Barros believes that the country will have ‘modest’ growth in 2013, but 3% to 3.5% in 2014. Apart from that, China should maintain a high level of expansion and Japan may surprise over the next two years. He gave a talk at the Arab Brazilian Chamber.

Agriculture Ministry figures show that foreign sales increased by 6% from January to March. A commodities analyst claims the performance could have been better if it weren’t for logistics issues.