A poll of financial market players in Brazil shows expectations regarding the increase in prices this year moving from 3.51% to 3.54%. GDP is now seen growing by 0.39% this year, up from 0.34% in the last poll.
Author: Agência Brasil
Federal revenues totaled slightly less than BRL 110 billion (USD 35.17 billion) last month, down 0.34% in real terms over July 2016.
Brazil’s National Supply Company (Conab) predicts a sugarcane harvest of 646.3 million tons, which is 1.7% less than in the last crop.
Auctions for exploration and production sharing agreements in oil blocks will be held on October 27.
The country registered a current account deficit of USD 3.4 billion in July. However, foreign direct investment increased to USD 4 billion in the month.
In this month, the Extended National Consumer Price Index-15 (IPCA-15) stood higher in comparison to July, when there was a deflation of 0.18%. Year-to-date, the IPCA-15 stands at 1.79%.
An index from think tank Fundação Getulio Vargas climbed 1.5 point to 92.3 in its August preview. Industrialists’ present and future outlooks have improved.
Financial market experts believe that the Extended National Consumer Price Index (IPCA) will end 2017 at 3.51%, according to a bulletin by the Brazilian Central Bank (BC). It’s the fifth time the forecast is revised up.
Brazil’s economy shrank in Q2 over Q1 according to the GDP Monitor, a survey conducted by think tank Fundação Getulio Vargas.
The Brazilian Ministry of Agriculture estimates that agriculture and livestock production will amount to BRL 535.4 billion this year, with grains, cotton, oranges and sugarcane as best-performing crops.
The Brazilian Development Bank (BNDES) ended the year’s first six months with earnings, reversing the loss of the same period of 2016. Lower delinquency rate was one of the factors.
The estimate by financial institutions of how much prices should climb this year was revised up for the fourth week back-to-back, this time to 3.5% in 2017.
In this year’s Q2, the company earnings were lower than the same period of 2016. An extraordinary pension plan created for the employees impacted the results.
The Arab country presented officially its bid to host the FIFA 2026 World Cup this Friday (11) to FIFA.
