Price index recorded a year-on-year 1.1% decrease.
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Institution predicts a 0.9% growth for Brazil’s GDP this year from a previous 0.8% estimate.
The deficit narrowed as a result of a 5.5% hike in exports and a 4.4% drop in imports.
Capital goods exports from Brazil reached USD 824 million in August, down 15.7% from August 2018.
USD 29 billion went into the government’s coffers during the month, the highest result for the month since 2014.
Foreign sales fetched USD 4.422 billion and foreign purchases amounted to USD 3.454 billion, leading to a USD 968 million trade surplus.
FDI inflows in Brazil slid in both August and year-to-date, but it’s still enough to finance the current account deficit.
Spending in international trips reached USD 1.31 billion in August, down 5.24% from a year ago.
The Brazilian company is manufacturing processed poultry and beef items in Abu Dhabi, to cater to a growing demand in the UAE. Its facilities were visited by a delegation from Brazil this Saturday (21).
Activity slowed down compared with July, the Brazilian Central Bank reported this Friday.
This Tuesday’s Macro Fiscal bulletin shows a revised economic expansion estimate, from 0.81% to 0.85%.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
IMF report shows that trade uncertainty may affect global growth in 2019, but in some regions, like the Middle East, it remains moderately low.
Last month saw lower price raises than July, IBGE reported.
