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.
Author: Agência Brasil
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.
The state-owned company produced, on average, 2.18 million daily barrels per day in Brazil in May.
The Brazilian Central Bank index signals that Brazil’s economic activity went up in April over March. In comparison to the same month of 2016, the increase was even sharper at 0.51%.
The month-on-month increase came after a 2.6% drop in March from February, according to a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE).
The volume increased in April from March after dropping for two straight months. Nominal revenue climbed by 1.3% month-on-month.
Brazilian banks polled by the Ministry of Finance estimate that the so-called Central Government will run a BRL 142 billion deficit this year. As of May, a BRL 148 billion deficit was expected.
The Brazilian Central Bank’s Focus Bulletin, a poll of financial institutions regarding the economy, shows that the annual inflation expectation dropped to 3.71% and the GDP growth forecast eased to 0.41%.
An indicator from think tank Fundação Getulio Vargas climbed by 7.9 points in the second quarter from the first to 107.9 points, showing an optimistic outlook.
Survey by the Brazilian Institute of Geography and Statistics shows industrial growth of 0.6% in April over March, with only five of 14 states surveyed with positive results.
The 2016-2017 season will see 234 million tons of grain harvested. The amount is up 25.6% from 2015-2016.
