Financial institutions increased from 7.2% to 7.31% their estimate for inflation in Brazil and from 13.5% to 13.75% their forecast for the benchmark interest rate.
Author: Agência Brasil
A Brazilian Central Bank index shows contraction of GDP in Q2 from Q1 2016. Year-on-year in Q2 saw a much wider drop at 4.37%.
The Brazilian National Development Bank incurred a net loss in the first half of this year. In the comparable period of 2015, it registered BRL 3.5 billion in profit.
Financial institutions polled by the Brazilian Ministry of Finance are expecting the National Treasury, Social Security and Central Bank to run a USD 50.5 billion deficit, up from USD 49.4 billion in the prior forecast.
Retail sales volume went up 0.1% from May to June, according to the Brazilian Institute of Statistics.
The Brazilian Institute of Geography and Statistics (IBGE) forecasts a 189 million-ton harvest of grains, oilseeds and pulses in Brazil, down 9.8% from 2015 numbers.
The nine Brazilian airports handling Olympic Games tourists saw an influx of nearly 3 million passengers from July 31 to August 6.
Financial institutions polled by the Brazilian Central Bank believe the economy will shrink by 3.23% this year. The projection is down from 3.24% last week.
Brazil’s economic contraction grew milder during quarter two this year, its monetary authority said, imputing the shift to increased consumer and business owner confidence.
US dollar inflows to Brazil were higher than outflows in July, capping a two-month downward run.
International prices of primary products tumbled from June to July, according to index measured by the Brazilian Central Bank (BC).
Sales declined in July from July 2015, but went up 5.6% relative to July 2016.
Financial institutions responding to a Central Bank poll believe Brazil’s economy is set to shrink by 3.24% this year. Last week’s forecast had been a bit worse at 3.27%.
The Brazilian state-run oil company is handing over its 66% stake in the block known as Carcará for USD 2.5 billion.
