Increase was recorded in August from July in survey by the IBGE. Year-on-year, it saw a decrease.
Author: Agência Brasil
Forecasts from Brazilian financial institutions polled by the Brazilian Central Bank eased marginally, going from 3.44% to 3.43% for inflation and from 5% to 4.75% for the interest rate.
June-August rate slid from 12.1% from a year ago and 12.3% in March-May 2019.
Demand is up 4% from the last edition two years ago for the first week of the music festival, and up 2.5% for the second week.
Institution predicts a 0.9% growth for Brazil’s GDP this year from a previous 0.8% estimate.
Capital goods exports from Brazil reached USD 824 million in August, down 15.7% from August 2018.
USD 29 billion went into the government’s coffers during the month, the highest result for the month since 2014.
Foreign sales fetched USD 4.422 billion and foreign purchases amounted to USD 3.454 billion, leading to a USD 968 million trade surplus.
FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
Spending in international trips reached USD 1.31 billion in August, down 5.24% from a year ago.
IBGE survey also shows a recovery in shrimp farming and a decline in the head of cattle numbers in the country.
Activity slowed down compared with July, the Brazilian Central Bank reported this Friday.
This Tuesday’s Macro Fiscal bulletin shows a revised economic expansion estimate, from 0.81% to 0.85%.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
