Forecast was made by financial institutions surveyed by the Central Bank and was the 17th consecutive result pointing to a worsening of the indicator. The forecast for inflation also went up.
Author: Agência Brasil
A Brazilian Central Bank survey shows a 1.5% drop in North Brazil from June to August. The outlook is better in the Midwest and South as a result of exportation.
US dollar outflows from foreign exchange operations in Brazil exceeded inflows by USD 3.5 billion. Year-to-date, the result is positive by USD 7.665 billion.
Indicator went up 1.2% over August. It was the second straight month of increase. Over September of 2014, however, there was a decline of 8.4%.
Respondents in a poll believe the Brazilian economy should contract by 3.05% this year. As of last week, their contraction expectation was slightly milder at 3.02%.
Brazil’s National Supply Company will hold an auction on November 5th to trade raw rice in for the processed variety. The product will be shipped from Brazil to Palestine as a donation.
The Brazilian National Treasury secretary said this should be roughly the federal government’s deficit in 2015.
According to Fundação Getulio Vargas, confidence in the sector improved, from 66 points in September to 67.5 points in October, but it’s still the second lowest of the historical series of the survey.
The Brazilian aircraft maker reported USD 99.8 million in losses in Q3, down from nearly BRL 400 million in net income in Q2.
The CEO of Banco do Brasil said that alongside other banking institutions, the bank will finance bids by hydroelectric plants. The bidding is slated to begin in early November.
Respondents of a survey conducted by the Brazilian Central Bank among poll Brazilian financial institutions estimate the economy will contract by 3.02% this year. This is the 15th straight downward revision.
Weak economic activity was responsible for the decline of 4.12% in tax collection and social contributions in September, to USD 24.43 billion, over the same month of last year.
The rise of the US dollar relative to Brazil’s real inhibited expenditures in foreign currency, causing them to plummet in September. A USD 3 billion current account deficit was registered in the month.
The US currency closed at BRL 3.908, down 0.9% from a day earlier, but it has appreciated by 47% to date this year.
