The majority of the 14 areas surveyed by the Brazilian Institute of Geography and Statistics (IBGE) registered a decline in production in January of this year over December 2017. Sharpest decline was in Paraná.
Author: Agência Brasil
The official inflation index IPCA stood at 0.32% in February, the lowest in eighteen years, according to the Brazilian Institute of Geography and Statistics (IBGE). Year-to-date, the inflation rate is at 0.61%.
The currency went up for the second straight day, to BRL 3.265, amid uncertainty surrounding the US’ steel and aluminum import tariff hike.
The National Supply Company changed its 2017/2018 harvest estimate, and the Brazilian Institute of Geography and Statistics its 2018 prediction. Still, output should drop from last year’s record numbers.
The cost of internationally traded staples increased in February from January and in the 12 months through February.
There was a 2.4% decline over December, according to the Brazilian Institute of Geography and Statistics (IBGE). It was the sharpest decline since February 2016 and it interrupted a sequence of positive results.
Financial institutions polled by the Brazilian Central Bank expect prices to go up 3.70% this year, in the fifth straight week-on-week decline. The GDP forecast also improved.
The total of registered jobs created is the highest for the month since 2012. However, average wages, declined.
The Ministry of Culture launched this Thursday (1) a guide focusing on encouraging cultural entrepreneurs to expand their businesses abroad.
Last month, 157,000 units were sold in Brazil, an increase of over 15% in comparison to February 2017.
The economy’s official growth rate was released this Thursday (1) by the Brazilian Institute of Geography and Statistics (IBGE). The Gross Domestic Product reached BRL 6.6 trillion (USD 2.08 trillion) last year.
The organization released a report on Brazil this Wednesday. It also recommends an increase in the amount of funds made available for income transfer programs.
Unemployment rate reached 12.2% in the quarter ending in January, according to survey by the Brazilian Institute of Geography and Statistics. It remained stable over the previous quarter, August to October.
The Brazilian central government (National Treasury, Social Security and Central Bank) managed to save over USD 9.5 billion for paying interest on its debt.
