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Topic

Brazil's GDP

Brazil's GDP rises 1.2pc in first quarter, back to pre-pandemic level

Brazil's GDP rises 1.2pc in first quarter, back to pre-pandemic level

Published 01 Jun, 2021 07:12pm
  • The 1.2% rate of expansion from the previous three months was more than the median forecast in a Reuters poll of economists for 1.0% growth.
  • Industry expanded by 0.7%, the dominant services sector grew 0.4%, and fixed business investment rose 4.6% in the quarter, IBGE said.
Brazil manufacturing PMI rebounds in May to three-month high

Brazil manufacturing PMI rebounds in May to three-month high

Published 01 Jun, 2021 06:43pm
  • The headline PMI rose to 53.7 in May from 52.3 in April, IHS Markit said.
  • The input prices index, which measures the price of raw materials, fell to 81.1 from 86.8, the lowest since last July. The real has strengthened more than 10% against the dollar in the last two months.
Brazil inflation and growth forecasts hit new highs: survey

Brazil inflation and growth forecasts hit new highs: survey

Published 31 May, 2021 07:48pm
  • The median forecast for 2021 inflation from more than 100 economists in the central bank's weekly FOCUS survey rose to 5.3% from 5.2%, well above the bank's year-end goal of 3.75% and breaching the upper limit of its wider target range at 5.25%.
Brazil's unemployment hits historic high 14.7pc in the first quarter

Brazil's unemployment hits historic high 14.7pc in the first quarter

Published 27 May, 2021 07:06pm
  • The official unemployment rate rose from 13.9% in the three months through December, statistics agency IBGE said, in line with the median forecast in a Reuters poll of economists.
  • Unemployment rates tend to rise at the beginning of each year as people hired at the end of the previous year are dismissed. These layoffs in the first few months of the year put pressure on the job market.
Brazil current account deficit shrinks to 0.84pc of GDP, narrowest in 13 years

Brazil current account deficit shrinks to 0.84pc of GDP, narrowest in 13 years

Published 26 May, 2021 08:40pm
  • Brazil posted a $5.7 billion current account surplus in April, the central bank said, less than the $6.2 billion median forecast in a Reuters poll of economists.
  • That was largely thanks to a record goods trade surplus of $9.1 billion. Exports surged 50.7% from the same month last year, outstripping a 36.6% jump in imports.
Brazil's financial social media platform TradersClub to file for IPO

Brazil's financial social media platform TradersClub to file for IPO

Published 20 May, 2021 07:39pm
  • The company is seeking a valuation of roughly 3 billion reais in the floatation, one of the sources added.
  • Brazil's lowest interest rates on record have prompted many investors who once stuck to fixed income to experiment with stocks and other riskier alternatives.
Brazil manufacturing PMI falls to 10-month low in April

Brazil manufacturing PMI falls to 10-month low in April

Published 03 May, 2021 06:47pm
  • The headline PMI fell to 52.3 in April from 52.8 in March, the lowest since last June.
  • A reading above 50.0 marks expansion, while a reading below signifies contraction. The series was launched in 2006.
Brazil readies another sharp rate hike, with inflation at 4-year high

Brazil readies another sharp rate hike, with inflation at 4-year high

Published 30 Apr, 2021 08:41pm
  • Inflation in Latin America's largest economy, driven by food and fuel prices, is already well above the central bank's year-end target of 3.75% and risks breaching the 5.25% upper end of policymakers' range at the end of 2021.
  • Even though the economy is losing steam due to a deadly second wave of the COVID-19 pandemic and could even slip into recession, more inflation-busting rate hikes are coming.
With 14.4 million unemployed, Brazil's joblessness highest on record in Feb

With 14.4 million unemployed, Brazil's joblessness highest on record in Feb

Published 30 Apr, 2021 06:20pm
  • According to IBGE, the jobless rate was 14.4% in the three months ending Feb. 28, up 2.7 percentage points from the same three-month period a year ago, when it was 11.6%.
  • Some 85.9 million Brazilians had work in February, IBGE said, stable from the prior three-month period, although still down 8.3% or 7.8 million people from the same period a year earlier.
Brazil creates 184,140 formal jobs in March, rounding off record first quarter

Brazil creates 184,140 formal jobs in March, rounding off record first quarter

Published 28 Apr, 2021 08:06pm
  • The figure for March was slightly more than the 180,000 forecast in a Reuters poll of economists and the highest figure for that month since 2010.
  • Some 1.6 million positions were created in the month and 1.4 million were cut, the ministry said. In the first quarter, Brazil created 4.94 million formal jobs and cut 4.1 million, resulting in a record net Jan-March gain of 837,074.
Brazil's 2022 inflation outlook above official goal for first time, survey shows

Brazil's 2022 inflation outlook above official goal for first time, survey shows

Published 19 Apr, 2021 05:41pm
  • The median forecast for 2022 inflation from over 100 economists in the central bank's weekly "FOCUS" survey rose to 3.6% from 3.5%. The central bank's year-end goal is 3.5%, with a 1.5 percentage-point margin of error on either side.
  • The 2021 median inflation forecast remained steady at 4.9%, still well above the central bank's goal of 3.75%.
Brazil's 2021 interest rate outlook rises to 5.25pc, survey shows

Brazil's 2021 interest rate outlook rises to 5.25pc, survey shows

Published 12 Apr, 2021 06:39pm
  • The median forecast for the benchmark Selic rate from over 100 economists in the central bank's weekly 'FOCUS' survey increased from 5.00% the week before, and 4.50% four weeks ago.
  • The 'FOCUS' survey on Monday also showed economists' average year-end inflation forecast inching up to 4.9% from 4.8%, even further above the central bank's goal of 3.75%.
Brazil to break 2021 spending cap by $5.5bn: IFI budgetary watchdog

Brazil to break 2021 spending cap by $5.5bn: IFI budgetary watchdog

Published 29 Mar, 2021 09:14pm
  • Otherwise, Brazil faces a spiral of rising interest rates and inflation, exchange rate weakness, investment drying up and the economy sliding into recession, they say.
  • "This simulation indicates that in order to preserve the ceiling, discretionary spending over the course of the year will have to be cut by 31.9 billion reais," the IFI said in its report, adding that discretionary spending this year should be capped at 107.2 billion reais instead of 139.1 billion.
Brazil posts smallest current account deficit in 13 years, FDI inflows jump

Brazil posts smallest current account deficit in 13 years, FDI inflows jump

Published 26 Mar, 2021 07:39pm
  • The current account deficit of 0.48% of gross domestic product in the 12 months to February was down from 0.64% the previous month and the smallest since February 2008, central bank figures showed.
  • The current account deficit in the month was $2.3 bln, in line with the median forecast of a $2.4 bln shortfall in a Reuters poll of economists. That was down from a $4.7 bln deficit a year ago.
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