Index measured by Fundação Getulio Vargas shows improvement regarding investment plans by Brazilian industries early this year.
Data from the National Confederation of Industry (CNI) shows that 16.3% of Brazilian output was sold abroad last year. In 2015, this percentage was lower.
Exports from Brazil to the Arab country were up 1.7% to USD 2.85 million in the first two months of this year. An industry spokesperson claims fluctuations in the USD dollar get in the way of business.
A partnership between the Brazilian government and the National Confederation of Industry will work to integrate 500 companies into the global market.
A 1.4% increment year-on-year capped a 34-month run of shrinking output in Brazil, according to numbers released by the Brazilian Institute of Geography and Statistics (IBGE).
Shipments generated USD 1.18 billion in February, the highest amount for the month, and almost USD 2 billion in the first two months of the year.
The Bellara complex will have an initial production capacity of 2 million tons of steel per year.
Exports to the region reached USD 967 million last year, the Brazilian mining company reported. Vale bounced back from its 2015 loss to post a profit of USD 3.982 billion.
Foreign sales of capital goods from Brazil reached USD 446 million in January, a decline of 12% compared with January of last year.
Pellets production in quarter four last year was the biggest ever at the Brazilian company’s manufacturing plant in Sohar, at 2.5 million tons.