This is the second lowest IPCA-15 rate for a February since the 1994 government plan Plano Real. The lowest-ever rate was the one from February 2000.
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The bank’s chairman Paulo Caffarelli believes consumption will once again be the primary driver of economic growth.
Brazilian business owners are still confident in the scenario and in their own businesses, but the index which gauges satisfaction dropped marginally in February from January.
Fundação Getulio Vargas’ index shows that Brazil’s economy grew last year. However, this is not the official GDP, which is measured by the Brazilian Institute of Geography and Statistics (IBGE) and comes out in March.
An indicator from FGV covering industry, services, consumption, production, exports, stock exchanges, etc., was up 1.3% in January, a stronger rate than last December’s.
Index measured by the Institute for Applied Economic Research (IPEA) shows that investments went up in last year’s Q4 but declined during 2017.
Financial market players expect prices to be up 3.81% in Brazil this year. Last week’s forecast had been 3.84%. The GDP estimate has also improved.
A Brazilian Central Bank poll shows the economy picked up in 2017. The official GDP indicator from the Brazilian Institute of Geography and Statistics (IBGE) is yet to be released.
Expectation index regarding the improvement of the country’s economy went up 4% year-over-year, according to a survey by SPC Brasil and CNDL. Even so, it hasn’t yet reached an optimism level.
The financial market, for the second consecutive week, revised down its inflation rate forecast for Brazil this year.
The Arab country imported over 80 trucks from the automaker from São Bernardo do Campo (São Paulo metro area). Most of the orders placed were for the garbage truck model Atego 1729 4×2.
The volume of sales increased over 2016, after two years of decline.
Withdrawals by Brazilians from their savings accounts surpassed deposits in January, according to information released this Tuesday by the Brazilian Central Bank (BC).
According to the Focus bulletin, released by the Brazilian Central Bank (BC), financial institutions expect benchmark interest rates to decline from 7% to 6.75% per year.
