The Retailer Confidence Index from Fundação Getulio Vargas’ Brazilian Institute of Economics was up 2.4 to 94.8 points in December. This was its highest score since July 2014.
Author: Agência Brasil
Brazilian malls saw revenue increase after enduring losses for two straight years in the best time of year for retailers.
A Brazilian Central Bank poll of financial market players shows prices are expected to be up 2.78% this year, down from a prior 2.83%. The projection for 2018 also eased.
An index from think tank Fundação Getúlio Vargas dropped 0.4 point in December from November to 86.4.
The Brazilian state-run oil company has released its plans for the next five years, which should see USD 74.5 billion be invested.
The Brazilian monetary authority changed up its 2017 economic growth estimate from a prior 0.7%. Next year, Gross Domestic Product is seen widening by 2.6%, which is also up from the last projection.
Brazilian citizens spent 32.5% more during international trips last November than a year ago. Expenditure was the highest for the month since 2014.
The Brazilian federal government will modernize and overhaul 11 regional airports in seven states: Goiás, Tocantins, Mato Grosso do Sul, Mato Grosso, Rio de Janeiro, Santa Catarina and São Paulo.
Loans from Brazil’s BNDES came out to USD 18.5 billion from January to November this year. Agriculture loans were the only ones to increase year-on-year.
November saw the Brazilian government collect BRL 115.089 billion in taxes, up 9.5% year-on-year in inflation-discounted terms.
The National Confederation of Industry’s Industrialist Confidence Index climbed 1.8 to 58.3 points, its best score since November 2012.
Brazilian financial market players expect prices to have increased by 2.83% by the end of this year, down from 2.88% as of last week’s forecast.
Such is the amount expected following an auction held today in São Paulo. Winning bids were placed for 11 batches in 10 different states of Brazil.
The sector slowed down in October from September in Brazil as per a survey by the Brazilian Institute of Geography and Statistics (IBGE). Activity also dropped year-to-date.
