Data from the Brazilian Central Bank shows that the economy shrank in Brazil in the year’s first month over December. In comparison to January 2017, there was a 2.97% growth.
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A more conservative projection from financial market players regarding prices in Brazil this year was released this Monday (19) by the Brazilian Central Bank.
Activity dropped over December in Brazil after going up for two months on end, the Brazilian Institute of Geography and Statistics (IBGE) said.
The state-run oil company’s 2017 result stemmed from one-off expenditures, without which it would have seen over USD 2 billion in net profit.
The conglomerate saw exports climb to USD 155 million in 2017 from 2016, fueled by its auto parts business, while its vehicle exports slid.
Sales volumes increased month-on-month, a Brazilian Institute of Geography and Statistics (IBGE) poll showed. In the 12 months through January, sales were up 2.5%.
The projection from financial market players regarding how much Brazil’s economy will grow in 2018 changed down from 2,90% last week to 2.87% in this one.
The majority of the 14 areas surveyed by the Brazilian Institute of Geography and Statistics (IBGE) registered a decline in production in January of this year over December 2017. Sharpest decline was in Paraná.
The official inflation index IPCA stood at 0.32% in February, the lowest in eighteen years, according to the Brazilian Institute of Geography and Statistics (IBGE). Year-to-date, the inflation rate is at 0.61%.
The currency went up for the second straight day, to BRL 3.265, amid uncertainty surrounding the US’ steel and aluminum import tariff hike.
Lubna Chahine created a channel in the video-sharing website to help Brazilians living in the UAE. She’s also currently organizing the Café Brasileiro em Dubai (Brazilian Café in Dubai).
The cost of internationally traded staples increased in February from January and in the 12 months through February.
There was a 2.4% decline over December, according to the Brazilian Institute of Geography and Statistics (IBGE). It was the sharpest decline since February 2016 and it interrupted a sequence of positive results.
Financial institutions polled by the Brazilian Central Bank expect prices to go up 3.70% this year, in the fifth straight week-on-week decline. The GDP forecast also improved.
