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.
Author: Agência Brasil
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.
Index measured by Fundação Getulio Vargas on the issue climbed 14.4 points in June over May and reached 142.5 points, in a reflection of Brazil’s economic uncertainty scenario.
The minister of Finance declared that the Brazilian economy will grow less this year than was estimated by the government.
The index measuring products’ factory-gate prices registered 0.12% of inflation rate in May, after a decline in April.
Spending by Brazilians in other countries totaled USD 1.4 billion in May. The amount is the highest for the month since 2014.
Current account’s surplus stood at USD 2.884 million last month. Year-to-date, it has a deficit of USD 61 million.
Financial institutions believe the Brazilian economy will grow 0.39% this year. Previous forecast pointed to a 0.40% grow.
