Foreign Investment Hits Record High For First Bimester
In the first two months of 2017, foreign investors put US$ 16.8 billion in the Brazilian productive sector. Resources went to all segments of the economy. After economic reforms, foreign investment in the country has hit a record high for the first two months of the year
In the wake of the economic reforms implemented by the federal government, Brazil has managed to regain confidence from economic agents and once again arouse the interest of foreign investors. In the first two months of the year, US$ 16.8 billion entered the Brazilian economy from abroad, a record for the first two months of the year.
In practice, these figures mean more resources to expand businesses, develop projects and generate more wealth and economic growth. Compared to the first bimester of 2016, this represents a 57% increase in foreign capital inflows. In February alone, Brazil received US$ 5.3 billion in foreign direct investment.
The money reached almost all branches of the Brazilian economy. The industry sector was the recipient of the most inflows: US$ 7.3 billion. The list then follows with coke and oil products (US$ 2.8 billion), chemicals (US$ 1.5 billion) and metallurgy (US$ 820 million).
Services and agribusiness
The services segment also achieved significant inflows, of US$ 6.9 billion, in the first bimester of 2017. The three largest items in the services heading were electricity and gas (US$ 5 billion), trade (US$ 832 million) and financial services (US$ 201 million).
Agribusiness and mining received US$ 1.6 billion in foreign investment in the same period. The result was positively influenced by the extraction of metallic minerals (US$ 1 billion), oil and natural gas extraction (US$ 362 million) and mining support activities (US$ 162 billion).
[Source: Republic of Brazil -/- Media Relations]
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