Sales declined month-on-month and year-on-year in February, according to the Brazilian Institute of Geography and Statistics (IBGE).
Author: Agência Brasil
Industrial production increased 0.1% in February over January, with growth being registered in nine of 14 areas surveyed by the Brazilian Institute of Geography and Statistics (IBGE).
Surveys bring auspicious news regarding the harvest in Brazil. IBGE sees output increasing by 25% this year, and Conab estimates that the 2016/2017 crop will be 22% larger than the last one.
Financial institutions lowered their growth estimate for the Brazilian GDP for this year from 0.47% to 0.41%. The data is part of the weekly survey conducted by Brazil’s Central Bank.
The Brazilian government changed its deficit target for next year from USD 25 billion to USD 41 billion, ministers announced today.
Brazil’s Extended National Consumer Price Index slid by 0.08 percentage point in March from February to the lowest rate on record for the month since 2012.
Total amount withdrawn from savings accounts exceed deposits for the third consecutive month, according to the Brazilian Central Bank.
According to the Brazilian Institute of Geography and Statistics (IBGE), output was up marginally at 0.1% in February from January, and up 0.3% in the first two months of the year combined.
Output reached 2.6 million barrels per day in February, according to Brazil’s National Petroleum, Natural Gas and Biofuels Agency.
The financial market believes the Selic, the benchmark interest rate, will drop tp 8.75% until the end of the year. Currently, it sits at 12.25%.
Brazilian Central Bank data show economic activity dropped in January from December for the seventh month in a row, this time by 0.2%.
The unemployment rate of the December to February period reached 13.2%, according to the Brazilian Institute of Geography and Statistics. Both the rate and the number of unemployed are records.
Turkey, Lebanon, Jordan, Iraq and Egypt have taken in the majority of the people displaced by the civil war in Syria, which started six years ago.
If the projection proves true, then Brazil’s Extended National Consumer Price Index (IPCA) will be lower than the midpoint of the target range set by the monetary authority.
