Crude steel output in Brazil slid 9.2% last year, with rolled products output dropping 7.7%. Both exports and imports also declined.
Author: Agência Brasil
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%.
The state-owned company produced, on average, 2.14 million daily oil barrels last year, an increase of 0.75% over 2015.
The Extended National Consumer Price Index (IPCA) stood below the target center established by the Brazilian Central Bank (BC). Official inflation rate was lower than in 2015 and 2014.
The National Supply Company (Conab) expects a 15% growth in production. And the Brazilian Institute of Geography and Statistics (IBGE) forecasts a record crop.
According to consulting firm Serasa Experian, number of consumers in stores throughout Brazil fell 6.6% over 2015.
This week’s Focus Bulletin forecasts the IPCA, the inflation rate index, to reach 4.81% in 2017, against 4.87% last week. Forecasts for the benchmark interest rates and GDP remained the same.
The Producer Price Index (IPP) went up in November over October, when it had also climbed 0.09%, according to statistics institute IBGE. In the year, the index has gone up 0.04%.
Industrial production data made public by statistics institute IBGE shows that activity in the plants increased in comparison to October, but that it declined over November 2015.
The index that measures the price of basic products in Brazil dropped 5.31% over 2015. In December, however, the indicator went up 0.44% over November.
