Brazilian financial institutions are expecting the consumer price index to be 7.27% by the end of the year. Last week’s projection had been 7.29%.
Author: Agência Brasil
Exports outpaced imports in the first half of this year in Brazil by the widest margin ever for the period. In June alone, a USD 3.9 billion surplus was achieved.
After two months going up, industry’s performance remained stable in May. With this result, in the first five months of the year the decline almost reached 10%.
Brazil’s National Monetary Council is required to establish a target two years ahead of time, with 1.5 percentage point headroom up or down.
The Brazilian minister of Finance said reliance on Brazil’s recovery is increasing and that the government’s team of economists is working to change the scenario around.
With inflation accounted for, there was a decrease of 2.16% over April and of 2.13% in comparison with May of last year.
The federal, states and municipal governments incurred the widest primary deficit on record for a May last month, the Brazilian Central Bank reported.
Measured by Fundação Getulio Vargas, the index reflects, mainly, the improvement in business owners’ expectations to the future.
The Brazilian monetary authority has changed its estimate for this year from 6.6% to 6.9%, but revised down the expected rate for 2017.
The index measured by Fundação Getulio Vargas reached 71.3 points in June, its highest level since the same month in 2015.
Brazil’s Institute of Applied Economic Research (Ipea) reports that there are signs of improvement, but the path to recovery will be a long one.
The federal capital will host soccer games of the Rio 2016 Olympics from August 4 to 13. The money will be used mainly for security.
Brazil posted a USD 1.2 billion surplus in May, the second monthly positive result back-to-back. The balance of trade was a major factor.
Expenditure by Brazilian travellers in foreign countries reached USD 1.113 billion last month. Foreigner spending in Brazil climbed to USD 434 million.
