Some more updated information about doing business in Brazil.
Last week we had the world’s biggest IPO (Initial Public Offering) in the last year.
The Brazilian company Visanet (VNET3.BR) raised 8.4 billion reais ($4.3 Billion). It is the Brazilian largest credit card networking company.
This indicates that investors believe in local consumption and growth in per capita income.
In June the auto sales reached 289.792 units and an increase of 22% related to May 2009, and an increase of 19% related to June 2008.
The Industrial production is growing, after having a strong fall:
According to the Brazilian Central Bank (BCB), the services industry is expected to have an annual growth rate of 2.1% and agriculture 0.8%.
Also, according to BCB the GDP annual growth rate will be around 0.8% (last report estimates that was 1.2%) and the Brazilian government still sustains that will be 1%.
The Brazilian GDP is compounded by 65.3% Services, 6.7% Agriculture and 28.0% Industry.
The Public Net Debt decreased to 38.4% of GDP in April 2009 (smaller than Japan, Germany, USA and United Kingdom).
The Real earnings April 2009/ April 2008 increased 3.7%.
The Foreign direct Investment in April 2009 was $3.4 billion.
The Unemployment rate in April 2009 was 8.9%.
The third and fourth quarter of 2009, will bring, surely, interesting figures and a strong slope of recovery and isolation of the international crises.
Let’s see if I am right…
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