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.
Author: Agência Brasil
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.
The total number of visitors from overseas reached 6.6 million in 2016, up 4.8% over 2015. Argentinians and North Americans were at the top of the list.
Latin America’s largest port complex, it should handle 120.6 million tons of cargo this year, up 6.3% in comparison to expected results for 2016.
The organization wants to highlight the sector’s potential as a pillar for development.
The Focus Bulletin made public this Monday forecasts an inflation rate for this year well below than last year’s, which should stand at 6.38%.
The lowest legally permitted monthly pay in Brazil will increase from BRL 880 (USD 269) to BRL 937 (USD 286), effective as of January 1, 2017. The raise was published on the Federal Official Gazette.
In the three months through November, 12.1 million people were jobless in Brazil, according to data from the Brazilian Institute of Geography and Statistics (IBGE).
The IIE-Br went from 126.4 points in November to 136.4 points in December, reaching its highest level since July 2015 in Brazil.
Brazil’s Central Government announced a BRL 38.356 billion (USD 11.712 billion) deficit, the widest ever for the month. The number comprises the Central Bank, Social Security and the National Treasury.
Brazilian economists believe that a minor improvement will take place next year, but the country must put its political problems behind it before it can really get growing again.
Brazil’s Gross Domestic Product (GDP) forecast is expected to have shrunk by 3.49% at the end of this year. The projection is worse than last week’s, but the inflation estimate has improved.
Credit in the country will suffer the first fall ever registered by the Brazilian Central Bank if the forecast for this year is to be confirmed.
The index measured by Fundação Getulio Vargas (FGV) dropped 5.8 points in December, reaching its lowest level since June.
