Industrial production grew 0.8% in May, with the expansion taking place in the majority of the areas surveyed.
Author: Agência Brasil
Brazil’s IBGE continues to forecast a record-high grain crop for this year. Its latest estimate is up 1.7 million tons from the previous one. The harvest is seen exceeding the last one by 30.1%.
The forecast by financial institutions regarding the economy’s growth for this year went from 0.39% to 0.34%. Estimates signal the inflation being lower than the forecast from last week.
Survey by the Ministry of Foreign Affairs shows that there are near 20,000 micro and small registered businesses owned by Brazilians abroad. The majority is located in the United States.
Brazil’s National Federation of Industry (CNI) has revised down its Gross Domestic Product growth forecast for this year from 0.5% to 0.3%.
Net savings deposits reached USD 1.8 billion in June, the highest amount for the period since 2013. Year-to-date, withdrawals outweighed deposits.
Brazil’s Finance minister Henrique Meirelles said the growth forecast for this year remains at 0.5%. At the end of June he had said growth could be weaker.
Brazil’s dollar inflow surpassed the outflow in USD 4.3 billion last month, according to the Brazilian Central Bank.
An index that tracks the costs of staple goods in Brazil dropped slightly by 0.02% in June from May. In the 12 months through June, however, the indicator slid by 4.6%.
According to a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE), there was an increase of 0.8% over April ando f 4% over May of last year.
Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.
Brazilian carriers registered a 6.9% drop in 2016, which came after 13 straight years of growth.
At the end of May there were 13.8 million unemployed persons in the country, according to the national household sampling survey from the Brazilian Institute of Geography and Statistics (IBGE).
The National Monetary Council has set a 4.25% target for 2019 and a 4% one for 2020. The rate pursued by the federal administration had been 4.5% since 2003.
