Browsing: Economy

According to the Central Bank’s Focus bulletin, analysts have reduced their growth estimate for the Brazilian economy for the second time in 2012, from 1.85% to 1.81%.

The level of employment has dropped in June, with 0.2% reduction over May and 1.8% over the same period last year. This was the fourth month running of negative results.

Vehicle and implement manufacturing company posted revenues and net profit declines. However, exports were up in Brazilian currency, and the enterprise already sees improvement in the domestic market.

According to the Brazilian institute of Geography and Statistics, activity has picked up, especially in Amazonas and Espírito Santo. Pernambuco, Bahia, Minas Gerais and São Paulo also posted growth.