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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Brazilian economy

Brazil inflation in May rises above 8pc, highest since Sept 2016
World

Brazil inflation in May rises above 8pc, highest since Sept 2016

  • The 0.8% monthly rate of inflation was also the highest for any May since 1996, statistics agency IBGE said, adding that all nine categories surveyed showed rising prices in the month.
  • The monthly rate rose from 0.3% in April, IBGE said, again more than the 0.7% rise economists in the Reuters poll had forecast.
Published 09 Jun, 2021 06:59pm
Brazil services confidence in May surges to pre-pandemic high
World

Brazil services confidence in May surges to pre-pandemic high

  • The Getulio Vargas Foundation's (FGV) services sector confidence index rose 6.4 points to 88.1 points in May, the second consecutive rise and the highest since the pre-pandemic levels of February last year.
  • "An expanded vaccination program will extend the recovery in a sector that was hit hard during the pandemic," he said.
Published 31 May, 2021 07:43pm
Brazil services activity shrinks in Q1, back below pre-pandemic levels
World

Brazil services activity shrinks in Q1, back below pre-pandemic levels

  • The services sector shrank by a seasonally adjusted 4.0% on the month, government statistics agency IBGE said, more than the median estimate in a Reuters poll of economists of a 3.2% fall.
  • It was the first decline in activity in 10 months, IBGE said, and meant the sector is 2.8% smaller than it was in February last year just before the pandemic struck.
Published 12 May, 2021 06:44pm
Brazil retail sales fall 0.6pc in March, but far less than expected
World

Brazil retail sales fall 0.6pc in March, but far less than expected

  • The seasonally adjusted monthly decline of 0.6% in March was far less than the median forecast of a 7.0% decline in a Reuters poll of economists, while the year-on-year rise of 2.4% was stronger than the 1.7% fall forecast in the poll.
  • Some 26% of firms across the country surveyed by IBGE said the COVID-19 pandemic affected sales in March, the highest percentage since July last year.
Published 07 May, 2021 06:56pm
Brazil March industrial confidence at 7-month low, hammered by COVID
Business & Finance

Brazil March industrial confidence at 7-month low, hammered by COVID

  • The Fundacao Getulio Vargas's national industrial confidence index for March fell 3.7 points to a seasonally adjusted 104.2 from 107.9 in February.
  • The central bank on Thursday revised up its 2021 outlook for the sector in its quarterly inflation report. It now expects industrial production to grow 6.4% this year, up from 5.1% in its last report.
Published 26 Mar, 2021 06:30pm
Brazil retail sales fall in January for third month in a row
World

Brazil retail sales fall in January for third month in a row

  • The 0.2% monthly fall was slightly less than the 0.3% decline forecast in a Reuters poll of economists, and the 0.3% fall compared with the same month a year earlier was slightly more than the 0.25% fall forecast in the poll.
  • January's figures followed a 6.2% slump in retail sales in December, the second biggest fall on record.
Published 12 Mar, 2021 05:50pm
Brazilian stocks, currency fall as tax hikes spook investors
Markets

Brazilian stocks, currency fall as tax hikes spook investors

  • The US dollar strengthened about 2% against the real, sending the Brazilian currency to a three-month low despite a central bank auction selling $1 billion in the spot market.
  • The benchmark Bovespa equities index fell as much 2.7% in morning trade, with all but one of its constituent companies in the red, before paring losses to 1.3% by midday.
Published 02 Mar, 2021 09:07pm