Buoyed by agriculture and livestock farming, Brazil’s Gross Domestic Product increased for the first time after two straight years of quarter-on-quarter drops. In the 12 years through March, GDP slid by 2.3%.
Author: Agência Brasil
Brazil’s federal government will make the amount available via loans to smallholder farmers this year and the next.
The unemployment rate reached 13.6% in the three-month period ending in April, according to data made public by the statistics institute IBGE. The number of unemployed rose 23.1% year-over-year.
An indicator from think tank Fundação Getulio Vargas increased by 9.3 points in May from April, after dropping for several months on end.
The seaport in the state of São Paulo reached its biggest share of total exports/imports from Brazil so far this year in the January-April period, at USD 31.7 billion worth of cargo.
A survey by the Brazilian Central Bank states that financial institutions are expecting the benchmark interest rate to be cut by 1 percentage point in a Copom meeting this week. Inflation forecast was revised up.
The USD 3.934 billion surplus is the highest for an April since 2015, according to the Central Bank. The first four months of the year saw a primary surplus of USD 4.604 billion.
State-owned company decided to exercise its right in three areas of the Santos Basin. The company will be the operator with a minimum share of 30%.
OPEC members and other large producers decided to keep output cuts until March 2018.
Brazil’s National Federal of Industry output indicator dropped. Sentiment also worsened regarding employment, demand, exports and inputs.
The increase took place in April over March with the debt reaching BRL 3.24 trillion (USD 988 billion), according to data from the National Treasure.
It was the second consecutive month that Brazil’s current accounts registered a surplus. It stood at USD 1.1 billion, driven up by the trade balance.
Travelers from Brazil spent USD 1.3 billion in other countries in April, up 23% from a year ago.
The financial market brought down its estimative for Brazil’s inflation for the 11th consecutive week. The forecast calls for an increase of 3.92% this year against the previous one that signaled 3.93%.
