According to Central Bank’s bulletin, analysts expect a 0.42% decline for the Brazilian economy in 2015. Last week’s forecast indicated stability, with no growth.
Author: Agência Brasil
US dollar inflows to the country were higher than outflows by US$ 4.726 billion from January until the first week of February.
Joblessness in Brazil ended the year at 6.8% over 7.1% in 2013, according to research done by the Brazilian Institute of Geography and Statistics.
Aldemir Bendine has been approved by the Board of Directors of the Brazilian state-owned oil company Petrobras. He will replace former chief executive Graça Foster.
Brazil’s official inflation index was up 1.24% in January, the highest increment since February 2003 according to the Brazilian Institute of Geography and Statistics (IBGE).
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.
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.
