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.
Author: Agência Brasil
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.
Brazil’s external and domestic debt went up last month over the previous one. The debt reached BRL 3.25 trillion (USD 1.01 trillion).
The Egyptian government cleared the border to allow eight trucks to pass through in order to supply a power plant in Palestinian territory.
The IPCA-15, official preliminar inflation, came in at 0.16% in June, below May’s rate. It’s the lowest percentage for the month since 2006, according to the Brazilian Institute of Geography and Statistics (IBGE).
An index that tracks industrial business owners’ outlooks slipped 1.8 percentage points to a 51.9 score this month. The drop came after a four-month plateau.
Brazilian economy grew from February to April over the three-month period that ended in January, according to a survey conducted by Fundação Getulio Vargas.
The conglomerate intends to sell properties, stakes and businesses in Brazil, the United States, Canada and Ireland to a total of USD 1.8 billion.
Taxes and contributions paid to the Brazilian federal government slid 0.9% year-on-year, but increased year-to-date through May from the year-ago period.
Financial institutions estimate that prices will be up 3.64% this year and the economy will see 0.4% growth.
