A survey by FGV shows 30% of industrial companies in Brazil expect to invest more in the next 12 months than in the past 12 months. The rate has remained flat, but more companies plan on investing less.
Author: Agência Brasil
US dollar outflows from Brazil exceeded inflows in the first week of September, according to the Central Bank. Year-to-date through September 5th, foreign exchange flows are negative by US$ 2.6 billion.
The agency Moody’s changed the outlook on Brazil’s government bonds rating from stable to negative, reflecting the rising risk of low growth and worsening debt indicators.
Financial institutions polled by the Central Bank revised down Brazilian economy growth projection for the year, from 0.52% to 0.48%
The official index was 6.51% in the twelve-month period ended August. Last month, the rate increased by 0.25%, as against 0.01% in July. Electricity tariffs and domestic workers’ wages drove the index up.
Savings deposits in the last month were the lowest figures for the month of August in the past eight years, according to the Brazilian Central Bank. Deposits surpassed withdrawals by nearly US$ 230.96 million.
In July from June, use of installed capacity went from 80.4% to 81%, as per a survey conducted by Brazil’s National Confederation of Industry.
Petrobras chairwoman Graça Foster has made an early announcement that the Brazilian state-owned oil company’s output is expected to have broken a new record in August, at roughly 2.1 million bpd.
Hike was 0.7% from June to July, after a five-consecutive-month decline. Durable consumer goods drove the increase.
Industry weighed down on the country’s economy in quarter two with a 3.4% decline. In the twelve-month period leading up to June, GDP was up 1.4%.
The projection is part of Brazil’s Budget Bill for next year. The minimum wage will be raised by 8.8% to US$ 348.18.
For the 13th consecutive week, financial institutions have revised down their estimate for Brazilian economic growth in 2014. The expected rate is currently 0.70%.
Brazil’s US$ 1.574 billion trade surplus in July has helped offset the US$ 6 billion negative result in transactions with foreign countries. Overseas spending by Brazilians, however, was a record.
Preliminary monthly results show a decline in the index measured by the Getúlio Vargas Foundation, in comparison with late July figures.
