Hike was 0.7% from June to July, after a five-consecutive-month decline. Durable consumer goods drove the increase.
Author: Agência Brasil
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.
United States dollar inflows have exceeded outflows by US$ 500 million in the first fortnight of August. The result was a consequence of financial operations.
According to the United Nations, the amount of people in the world requiring humanitarian aid has never been so high.
The financial market has lowered its growth forecast for Brazil’s economy for the 12th straight week. The prior estimate was 0.91% for this year.
Index measured by the Brazilian Central Bank declined in quarter two from quarter one this year.
In an auction conducted by Brazil’s National Petroleum Agency, 99% of the commercialized volume came from producers which had the Social Fuel seal, a proof of their commitment to family farming. The auction will ensure the supply to the Brazilian market in September and October.
Economic Climate Index of the region, measured by the Getúlio Vargas Foundation, declined by 7% between April and July. Among the main economies, only Mexico has seen an improvement.
The increase took place in July from June. Following the end of the World Cup, the demand for financing by enterprises incrased.
The new Gross Agriculture and Livestock Production Value estimate for 2014 has been revised down by 1.18% to US$ 193.6 billion.
