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.
Author: Agência Brasil
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.
Brazil’s Foreign Trade Chamber has exempted the black and carioquinha varieties from charges, for a three-month period.
According to study by the institute of statistics, there is an excessive concentration of energy generation, distribution and logistics in Brazil’s Southeast, South and parts of the Midwest.
There was a price slowdown in June with a 0.4% inflation rate, less than half the rate registered in the previous month. Data are from the IPCA-15, an estimation of the official inflation rate.
Indicator measured by the National Confederation of Industry went up in Q1 of this year over the end of last year. But there was a slowdown in the surge of costs.
The increase in demand for loans by Brazilian consumers was registered from April to May and, according to consulting firm Serasa Experian, was due to Mother`s Day.
The rate of decline in Brazilian industry activity seen in May, however, was milder than those seen in April this year and in May 2015.
An indicator computed by Brazil’s Fundação Getulio Vargas increased in May for the third straight month.
An indicator computed by Brazil’s Fundação Getulio Vargas increased in May for the third straight month.
