Brazil had a trade surplus of $6.6 billion in August, better for the month of the historic series that began in 1989, again helped by the collapse of imports. With the crisis, imports fell 25.1% in August. Exports fell by 5.5% on the same basis of comparison.
The Inpasa Brasil unit located in Nova Mutum began operating with a capacity to produce 890 m³ per day of hydrous ethanol. The industrial plant received an investment of R$ 550 million ($100 mm)and moved around 2,000 jobs during construction
Brazil’s GDP fell 9.7% in the second quarter, compared to the first three months of the year, due to the impact of the coronavirus crisis, according to IBGE. As a result, the Brazilian economy officially enters a technical recession, characterised by two consecutive quarters of shrinking activity levels.
Aeris, the manufacturer of blades for wind power generation, has been approved by BNDES for a loan of R$37.5 million( $6.7 mm). The funds will mainly support the purchase of industrialized materials of national origin by Aeris, for use in its production unit in Ceará.
The federal government confirmed the release of R$12 billion ($2.18 bn)for the second phase of the National Support Program for Microenterprises and Small Businesses (Pronampe). Pronampe is considered one of the government’s most successful credit programs in the crisis.