Withdrawals by Brazilians have exceeded deposits by US$ 3.1 billion in January. Withdrawals amounted to R$ 53.3 billion, and deposits, to R$ 50.2 billion.
Author: Agência Brasil
Last month in Brazil, 253,800 units were sold, down 31% from December and 19% from January 2014.
Such was the decline as per the Brazil Commodities Index, measured by the Brazilian Central Bank, in January from December 2014. The energy sector was the main culprit.
Downturn recorded in 20 of 26 sectors surveyed by the Brazilian Institute of Geography and Statistics (IBGE).
The amount of anhydrous alcohol in regular gas should go from 25% to 27% this month. The measure is still pending approval from president Dilma Rousseff.
The 2.2% increment from 2013 was the lowest since 2009. Electricity usage by industry decreased, weighing down on overall performance.
Credit rating agency downgraded the state-owned oil company from Baa2 to Baa3. The company, however, maintained its investment grade.
Average earnings in Brazil went from US$ 613 in 2003 to US$ 815.7 in 2014 in real terms, i.e. inflation is accounted for.
The increase took place in 2014 from 2013, according to the Brazilian industry association. In 2015, a 2% increment is expected.
Preview of the January index from Fundação Getúlio Vargas (FGV) points to an 1.2% over December. Result differs from survey done by National Confederation of Industry.
Finance Minister Joaquim Levy said that policies implemented by the Brazilian government will bring back investors’ trust. The economic package raised taxes.
A poll conducted by Brazil’s National Confederation of Industry (CNI) shows that the rate of entrepreneurs who intend to make investments this year is lower than in 2014.
US dollar outflow from Brazil are US$ 94 million higher than inflow so far in January.
The index calculated by Brazil’s National Confederation of Industry hit 44.4 points in January, its weakest level ever since records started being kept.
