Lending by banks declined in 2016 in comparison to the previous year.
Author: Agência Brasil
The amount of investments online by individuals in public bonds was the highest for the month. Sales totaled BRL 1.715 billion (USD 541 million).
Last year, 670,000 units were produced in Brazil. Exports increased 27% to 8,400 units.
Estimate by financial institutions are approaching the established inflation target center. In the Focus Bulletin of this Monday (23), forecasts on the benchmark interest rates were also revised down.
The number of formal jobs, with registered employees, declined 3.33% last year in comparison to 2015.
Last month’s performance had better numbers than those in December 2015. Output and employment indicators showed improvement.
Last year, 887,600 units were produced in Brazil. Exports declined 14.6% in the same period.
The indicator, measured by the National Commerce Confederation for Goods, Services and Tourism, declined 1.7% in January.
Crude steel output in Brazil slid 9.2% last year, with rolled products output dropping 7.7%. Both exports and imports also declined.
Consumer demand was driven by the need to pay pre-existing debts, according to survey by consulting firm Serasa Experian.
Financial institutions believe the Selic, the benchmark interest rates, will slid to 9.75% by the end of the year, against the current 13% rate.
The gross value stood at BRL 527.9 billion (USD 164.31 billion) last year, down 1.8% in comparison to 2015.
The sector’s revenues increased 4.5% in November 2016 over October. However, employment, average wage and average income declined.
Performance of the sector in Brazil registered a 0.1% increase from October to November 2016. Year-to-date until November, however, it declined 5%.
