Brazil’s unemployment continues to rise to record levels, says IBGE

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The unemployment rate in Brazil continued its march upwards with 14.2 million people unemployed at the end of March, says the Institute of Geography and Statistics (IBGE). Continue reading “Brazil’s unemployment continues to rise to record levels, says IBGE”

General Price Inflation falls to its lowest level since June 1989, say FGV

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The General Market Price Index (IGP-M) fell 1.10% in April after stability in March (0.10%) according to the Getulio Vargas Foundation. Continue reading “General Price Inflation falls to its lowest level since June 1989, say FGV”

Business confidence up in April against the previous month, reports FGV

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The Business Confidence Index (ICOM) rose 3.5 points for March to April, rising from 85.6 points to 89.1 points during the period, reported the Getulio Vargas Foundation FGV). Continue reading “Business confidence up in April against the previous month, reports FGV”

Consumer inflation in Sao Paulo rises in the third reading of April, pressured by food and housing

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The Consumer Price Index (CPI), which measures inflation in the City of Sao Paulo, increased by 0.43% in the first reading of April, strengthening after the 0.31% recorded in the first month of April, according to data published by the Economic Research Institute Foundation (FIPE).

The cost of living in five of the seven components of the FIPE-CPI increased sharply in relation to the first reading of the month.

Housing increased (from 0.32% in the first reading of April to 0.48% in the second reading), food increased (from 0.84% to 1.07%), personal expenses were up (from 0.23% to  0.28%), health climbed (from 0.87% to 1.18%) and, finally, education moved up (from 0.06% to 0.11%).

On the other hand, clothing fell 0.11% in the second reading of the month, reversing the high of 0.05% in the previous reading. Transportation cost also fell in the second reading of the month.Below are the components of the FIPE CPI with results for the first reading of April.

Housing: 0.48%

Food: 1.07%

Transport: -0.61%

Personal Expenses: 0.28%

Health: 1.18%

Clothing: -0.11%

Education: 0.11%

General Index: 0.43%

The IPC-Fipe measures inflation for families with incomes up to ten minimum wages living in the city of São Paulo.

Default rates in Brazil increase in March, the first rise in seven months

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Defaults on loans in Brazil had a slight increase in March – the first time in seven months according to the Central Bank, as the effects of the recession continue to bite. Continue reading “Default rates in Brazil increase in March, the first rise in seven months”

Bank lending increased during March by 0.2%, says Central Bank

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The value of loans in Brazil increased 0.2% in March compared to R$3.076 trillion, according to data released by the Central Bank. In the 12-month measure, there was a contraction of 2.7%. Continue reading “Bank lending increased during March by 0.2%, says Central Bank”

Federal tax revenues slump 1.16% in March, reports the Brazilian Inland Revenue Service

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Tax collection dropped in March, according to data released by the Brazilian Inland Revenue Service.  Continue reading “Federal tax revenues slump 1.16% in March, reports the Brazilian Inland Revenue Service”