Banking institutions are expecting prices to go up 7.61% this year in Brazil, according to a Brazilian Central Bank poll. The estimate has been changed upward for the seventh straight time.
Author: Agência Brasil
The index from think tank Fundação Getulio Vargas climbed from 44 to 47 points between October 2015 and January 2016. The increase was driven by future expectations.
Out of the 15 places surveyed by institute, in 12 the industrial production declined last year. The steepest drops occurred in the states of Amazonas, Rio Grande do Sul and São Paulo.
Foreign sales grew in January from a year ago. During the month, 22,300 units were shipped abroad.
Brazil’s crop will be smaller than expected, but even so it should reach a record volume, according to an assessment made by the secretary of Agricultural Policy of the Ministry of Agriculture, André Nassar.
US dollars inflows exceed outflow in USD 1.475 billion in Brazil in the first month of the year due, especially, to exports.
Most-sought sports events at Rio 2016 are football, basketball, volleyball and track and field. The Olympic Games will take place from August 05 to 21.
The Brazilian Institute of Geography and Statistics (IBGE) said it was the sharpest downturn since record-taking began, in 2003.
Brazil registered a USD 58.9 billion current account deficit in 2015, the lowest amount since 2010. The hike of the US dollar and the shrinking domestic GDP were contributing factors.
A survey revealed that utilization of installed capacity in Brazil reached 62% in December, the lowest rate since January 2011.
The indicator for the consumption of households measured by the National Confederation of Commerce increased 1.3% from December to January.
Last year, 18 million tons were sold. Exports increased 40% in volume, but revenues edged down 3.3%.
Financial institutions believe the Brazilian Central Bank will raise the benchmark rate by 0.5 percentage point this week.
The city hall believes the local economy should see an influx of BRL 3 billion (USD 746.6 million) during the holidays.
