The Focus Bulletin, survey conducted by the Brazilian Central Bank, shows the inflation projection for this year from responding banks dropped for the fourth straight week.
Author: Agência Brasil
The president of the Brazilian Exports and Investment Promotion Agency, Roberto Jaguaribe, said Brazil needs to show other countries that its agriculture is sustainable.
The National Federation of Industry reported a drop in October from September. Year-on-year in October, revenue plummeted by 18%.
The money will go into the carmaker’s Porto Feliz, São Paulo unit, where engines for its Etios models are made. The facility will also start making Corolla engines.
Price increase in October was 0.1%, below the 0.47% registered in September, and the 1.77% registered in October of last year. The data is from the Brazilian Institute of Geography and Statistics (IBGE).
Brazil’s federal, states and local governments ran a primary surplus in October, breaking a five-month down streak.
Brazil’s Federal Revenue department collected USD 43.4 billion in taxes in October, the highest amount ever for the month. Regularization of assets held abroad was the reason.
The index fell after four consecutive monthly increases. The worsening of inflation forecast was the main reason for the drop.
Although the Retailer Confidence Index has increased for the seventh straight month, it is still at a level seen as weak.
Brazil’s domestic and foreign nominal debts eased in October from September, to BRL 3.03 trillion.
Expenditure in foreign countries reached USD 1.4 billion in October, up 41.8% from October 2015. Spending by foreign tourists in Brazil went down.
In this year’s Q3, the Brazilian Development Bank reversed the losses of 2016’s first six months.
Answering a survey by the Ministry of Finance, banks revised down slightly their forecast for the central government’s primary deficit from the BRL 159.8 bn (USD 47.03 bn) previously estimated.
Gross Domestic Product is seen shrinking 6.84% in a Brazilian Central Bank poll of financial institutions. Last week’s estimate had been marginally better. Inflation forecasts, on the other hand, have improved.
