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.
Author: Agência Brasil
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.
Last year, 1.26 million units were manufactured in Brazil. In 2016, output is expected to grow 2.5%.
The state-run oil company cut down its investment forecast through 2019 from USD 130 billion to USD 98 billion. The plummeting oil price and the US dollar hike were contributing causes.
National Supply Company (Conab) estimates a production of 210.5 million tons of grains in the 2015/2016 crop, with the Brazilian Institute of Geography and Statistics (IBGE) pointing to 210.7 million tons in the current calendar year.
The index is the highest since 2002 in Brazil. According to a survey, last year, Brazilians paid higher prices for ‘all goods and services categories that make up the cost of living.’
Less than 4 million units were sold last year, against more than 5 million in 2014.
US dollars inflows to Brazil exceeded the outflow in close to USD 9.5 billion last year. The performance was influenced by the trade surplus.
Technical report from the National Survey per Household Sample shows that in 2014, at the beginning of the economic crisis, the country continued to improve in the social area, but that the results could be better.
November result in Brazil is the worst for the month since records started being kept in December 2001. The number encompasses the federal, state and municipal governments and state-run companies.
