After getting worse for three years on end, results are expected to remain strong as a new growth cycle, industry association Fenabrave said.
Author: Agência Brasil
Data released by the Brazilian Central Bank this Monday (15) shows economic activity kept increasing again during the month.
Brazil’s state-run oil company Petrobras said costs were raised by 1.4% and 0.7%, respectively, this Friday (12).
Five out six subsectors saw growth, as per a survey by the Brazilian Institute of Geography and Statistics (IBGE), including services rendered to households, information/communication and tourism.
Following an all-time high output at 237.7 million tons during the last season, Brazil’s total harvest could decline to 227.9 million tons in this one.
Tourist flows increased by 6% worldwide in 2017, UNWTO secretary-general said. The region played a role in keeping numbers going strong in the last months of the year.
Brazil’s Extended National Consumer Price Index ended 2017 up 2.95%, down from 6.29% in 2016.
Sales were up 0.7% from October and 5.9% year-on-year, the Brazilian Institute of Geography and Statistics (IBGE) said.
Think tank Fundação Getulio Vargas’s IGP-DI was driven by wholesale prices, which dropped by 2.52% last year.
As per the Brazilian Central Bank’s Focus Bulletin, financial market players polled expect 3.95% inflation and 2.69% economic growth this year.
The Brazilian Institute of Geography and Statistics (IBGE) reported that the national industry grew for the third month in a row, driven by intermediate and durable consumer goods.
The Brazilian state-run bank supplied USD 6.09 billion in credit to projects in this sector last year.
Last year saw 2.24 million automobiles, light commercial vehicles, trucks and buses sold across the country.
Brazil’s 2018 Budget Law provides for a USD 47 billion deficit and works with a 2.5% Gross Domestic Product (GDP) growth estimate.
