Consumer inflation in Sao Paulo slows in the second reading of May, reports FIPE

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The Consumer Price Index, which measures inflation in the city of Sao Paulo, rose 0.30% in the second reading of May, according to data published by the Foundation for Economic Research (FIPR). This was against the first reading of May of 0.58%. Continue reading “Consumer inflation in Sao Paulo slows in the second reading of May, reports FIPE”

Brazilian trade balance remains in surplus during the second week of May

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The Brazilian trade balance was in a surplus of $2,038 billion in the second week of May (from the 8th to the 14th), according to data released by the Ministry of Industry, Foreign Trade and Services (MDIC). Continue reading “Brazilian trade balance remains in surplus during the second week of May”

Economists expect inflation to dip below 4.0% in 2017, while forecast GDP increases to 0.50% – Focus Report

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Economists surveyed by the Central Bank of Brazil cut inflation forecasts below 4% for the first time this year. Continue reading “Economists expect inflation to dip below 4.0% in 2017, while forecast GDP increases to 0.50% – Focus Report”

The weekly roundup: Your go-to guide for the economic events you may have missed in Brazil

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In the second week of May, consumer inflation came in lower than expected, retail sales declined and service sector data remains depressed. Continue reading “The weekly roundup: Your go-to guide for the economic events you may have missed in Brazil”

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”