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Brazilian economy

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

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

Published 09 Jun, 2021 06:59pm
  • 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.
Brazil services confidence in May surges to pre-pandemic high

Brazil services confidence in May surges to pre-pandemic high

Published 31 May, 2021 07:43pm
  • 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.
Brazil services activity shrinks in Q1, back below pre-pandemic levels

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

Published 12 May, 2021 06:44pm
  • 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.
Brazil retail sales fall 0.6pc in March, but far less than expected

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

Published 07 May, 2021 06:56pm
  • 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.
Brazil March industrial confidence at 7-month low, hammered by COVID

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

Published 26 Mar, 2021 06:30pm
  • 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.
Brazil retail sales fall in January for third month in a row

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

Published 12 Mar, 2021 05:50pm
  • 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.
Brazilian stocks, currency fall as tax hikes spook investors

Brazilian stocks, currency fall as tax hikes spook investors

Published 02 Mar, 2021 09:07pm
  • 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.
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