The advance of 7.7% of the Brazilian GDP in the third quarter placed the country’s performance in the middle of the table among the major global economies: 24th highest growth among 47 countries that have already released their results from July to September. The performance in the ranking is similar to that of the second quarter, when the Brazilian economy had a 9.6% retraction. At that time, the result was worse than that of 22 countries.
Source: Portal do Agronegocio
The National Treasury needed to disburse R$ 647.29 million ($129 mm) to honour bank debts with guarantees from the Union that were not paid by state governments and municipalities last month. The amount refers almost entirely to debts of R$ 639.25 million ($127 mm) in the state of Rio de Janeiro. From January to November, the Treasury has already bankrolled R$ 7.792 billion ($1.5 bn) in loans from states and municipalities.
Source: UOL Economia
The real invoicing of the industry (discounting the inflation) has grown 2,2% in October facing September, informed the National Confederation of Industry (CNI). The percentage already takes into account seasonal adjustments. It was the sixth consecutive month of growth. After the strong low at the beginning of the pandemic of the new coronavirus, the industry’s invoicing accumulates high of 49% from April to October.
Sales of agricultural and highway machinery in Brazil registered an advance of 29.5% in November, compared to the same period in 2019, to 4,267 units. The performance registered in November was the best for the month, at least, since 2017. Wheeled tractors accounted for 3,071 of the total sold, an increase of 29.5%.
The exportations of corn from Brazil has reached daily average of 286,2 thousand tons in the first week of December, which represents 44,3% superior to the average of 198,3 thousand tons per day registered in the complete month of last year, indicated data published by the Foreign Trade Secretary (Secex).
Source: Money Times