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Direct investment dropped in November

19/01/2018 at 22:31h

Brasília – The Gross Fixed Capital Formation (GFCF), announced this Friday (19) by the Institute for Applied Economic Research (IPEA), dropped 0.7% in November of last year over October, a month in which it went up 0.1%. It’s the first decline in five months.

If compared to November 2016, however, there was an increase of 1.4%. For the calculation, are taken into consideration investments in machinery and equipment, civil construction and other fixed assets, such as intellectual property, permanent crops and breeding cattle. With November’s results, the indicator has declined 2.4% in 2017.

Via Agência Brasil. Translated by Sérgio Kakitani

State company forecasts a record coffee crop

18/01/2018 at 20:38h

São Paulo – The National Supply Company (CONAB) reported this Thursday (18) that this year’s Brazilian coffee production could be a record. In the crop’s first preliminary survey, the state-owned company forecasted a crop between 54.44 million to 58.51 million of 60 kg-bags, which represents an increase of 21% to 30% over 2017’s total.

According to the CONAB, coffee production in 2018 will develop under the influence of positive biennial bearing and good climate conditions. Coffee is a biennial crop, that is, a year of low yield followed by one of high yield and vice-versa. The last high yield was 2016. The 2018 crop should surpass the one from 2016 in up to 13.9%. The data was surveyed in December.

Via ANBA Newsroom. Translated by Sérgio Kakitani

New USD 1.8 bn credit line available for small businesses

17/01/2018 at 19:48h

Brasília – The Brazilian Development Bank (BNDES, in the Portuguese acronym) and the Brazilian Micro and Small Business Support Service (Sebrae) are making BRL 6 billion (USD 1.86 billion) available in a line of credit for micro and small businesses. Loans are expected to amount to 280,000 over a two-year period;

The line of credit was announced this Wednesday (17). It was made available to address two issues facing micro businesses when it comes to loans: high interest rates and paperwork requirements.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Industry employment increases

16/01/2018 at 18:03h

Rio de Janeiro – Industry employment was up 0.3% in Brazil in November from October, going up for the second month straight, as per the Industrial Indicators survey released this Tuesday (16) by the National Confederation of Industry (CNI, in the Portuguese acronym).

“Despite being a modest monthly growth rate, this was the biggest one since 0.7% in February 2014. Capacity utilization, on the other hand, went up to 78.3%,” the survey notes.

Via Agência Brasil. Translated by Gabriel Pomerancblum