Sales to the region were up 8% year-on-year. The CEO of the Arab Brazilian Chamber of Commerce said this was a ‘great’ result for this time of year.
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The organization released a report on Brazil this Wednesday. It also recommends an increase in the amount of funds made available for income transfer programs.
Unemployment rate reached 12.2% in the quarter ending in January, according to survey by the Brazilian Institute of Geography and Statistics. It remained stable over the previous quarter, August to October.
The Brazilian central government (National Treasury, Social Security and Central Bank) managed to save over USD 9.5 billion for paying interest on its debt.
The financial market’s forecast points to a 2.89% growth this year and 3% growth in 2019 for the Brazilian economy. The forecast for 2018 improved in comparison to last week.
Expenditure by citizens from Brazil in other countries came out to USD 2 billion last month, the Central Bank said. It was the biggest amount since January 2015.
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.
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.
