The industrial sector in São Paulo experienced a decline of 2.4% in July and August 2024. This downturn reflects ongoing challenges in the region’s manufacturing landscape. August alone saw a 1% decrease in São Paulo’s industrial production. São Paulo’s performance lagged behind the national average in August. Brazil’s overall industrial output grew by 0.1%, while […]
Related Posts
European Markets Advance Despite German Slowdown
On Tuesday, European stock markets ended on a positive note, although Frankfurt’s gains were subdued by preliminary reports of Germany’s economic downturn. BBVA’s shares notably soared, energized by the bank’s new asset repurchase plan fueled by profit growth. This surge significantly contributed to Madrid’s IBEX-35 index surpassing the 10,000-point threshold. Renault’s decision to halt the […]
Angola hoards over one million carats of diamonds in anticipation of better prices
Angola hoards over one million carats of diamonds in anticipation of better prices, said José Ganga Júnior, Endiama’s President to the LUSA agency. Endiama is the state-owned company responsible for Angola’s diamond mining and trading activities. It is officially known as Empresa Nacional de Diamantes de Angola, E.P. (Endiama). He commented during the semi-annual diamond […]
Brazil’s Carnival Boosts Tourism Economy in 2024
Brazil’s 2024 Carnival is set to significantly revitalize the tourism industry, with an expected revenue generation of R$9 billion ($1.84 billion). This marks a 10% increase from 2023’s R$ 8.2 billion ($1.67 billion), representing the highest post-pandemic revenue. The National Confederation of Commerce (CNC) provided these projections, emphasizing Carnival’s economic impact. Key macroeconomic factors, such […]