Even with the country still facing the new coronavirus pandemic, the Central Bank Activity Index (IBC-Br) has accumulated the fourth consecutive month of high. With the August performance, the Brazilian economic activity registered an expansion of 12.25% since April – when the worst results of the pandemic were registered.
Source: UOL Economia
The Support Program to Micro and Small Companies (Pronampe), will have a third phase, after having already liberated R$32 bi ($5.7 bn) in credit, distributed to 465 thousand micro and small companies. The next phase will be opened with the relocation of R$10 billion ($1.8 bn) of the Emergency Program of Support to Jobs (PESE).
Source: Agencia Estado
Moody’s Samar Maziad vice president and senior analyst, responsible for Brazil’s sovereign rating, said the rating agency continues to expect Gross Domestic Product (GDP) growth of 3.4% to 2021.
Source: 6 Minutos
The Gross Production Value (GVP) of agriculture and cattle raising in Minas Gerais should reach, in 2020, R$ 87 billion ($15 bn), registering growth of 21.9% in relation to the previous year. The indicator represents an estimate of income generation in rural areas and its calculation is made by the Ministry of Agriculture, Livestock and Supply (MAPA), based on data from the IBGE.
Source: Noticias Agricolas
The participation of agribusiness in Brazil’s total exports rose from 40.2% to 46.3% last year pulled by sugar. The strong pace of shipments from the sugar-alcohol sector boosted Brazilian agribusiness exports in September. External sales of the sector rose 89.8%, raising the sector’s sales to $1.14 billion.
Source: Portal Agronegocios
Companhia Energética de Brasília (CEB) reported that its shareholders approved a proposal to sell 100% of the shares of its electricity distribution subsidiary CEB-D. At an extraordinary general meeting, shareholders also decided that the privatisation of CEB-D should involve a minimum sale price of R$1.423 billion ($254mm).
Source: UOL Economia
Silas Santiago, Public Policy Manager at Sebrae Nacional, evaluated that although Brazilian micro and small companies have begun to recover from the coronavirus crisis, their situation remains “critical. He defended a project that suspends the payment of taxes and another that foresees a special payment of debts related to taxes (Refis do Simples Nacional).
The monthly letters from the Green fund are watched carefully by the market. Although the fund managed by Luis Stuhlberger and his team has exceptional track records, it is performing poorly this turbulent year as much of the funds offered in Brazil. In September, the Verde FIC FIM had a loss of 1.22%, which accumulated losses of 1.47% for the year.
Source: Valor Investe
The World Bank predicts that the pandemic will shrink economic activity in Brazil by 5.4% by 2020. Previous estimate was an 8% drop in the Brazilian economy. The report says that Latin America and the Caribbean is the region most affected by the pandemic, but that the effects were less severe than feared initially.
The second most important date of the second semester for the commerce, the Children’s Day can be more positive for the retail. According to a research realised by FCDLESP (Federation of the Sao Paulo’s Store Managers Chambers), for 40% of the Sao Paulo’s retail, the date can bring an increase of 5% on the trade sales.
Source: Money Times