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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Brazilian GDP

Brazilian real dips as political woes outweigh data

Brazilian real dips as political woes outweigh data

  • The real fell by 0.4% after Brazil's Supreme Court Justice Rosa Weber authorized an investigation of President Jair Bolsonaro over the procurement process for an Indian COVID-19 vaccine.
Published 05 Jul, 2021 07:59pm
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 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 mid-April inflation tops 6pc, highest in over 4 years
World

Brazil mid-April inflation tops 6pc, highest in over 4 years

  • The IPCA-15 annual price index rose to 6.17% from 5.52% the month before, almost exactly in line with the 6.25% median forecast in a Reuters poll of economists. It was the highest since December 2016, IBGE figures showed.
  • On a monthly basis, mid-month consumer price inflation in April slowed to 0.6% from 0.93% the month before, slightly below the Reuters poll forecast of 0.68%.
Published 27 Apr, 2021 06:48pm
Brazil March inflation 6.1pc, highest since 2016
World

Brazil March inflation 6.1pc, highest since 2016

  • The annual rate of consumer inflation rose to 6.10% from 5.20% in February, statistics agency IBGE said, slightly below the 6.20% median forecast in a Reuters poll of economists but the highest since December 2016.
  • The central bank's year-end goal is 3.75%, with a 1.5 percentage point margin of error on either side. These figures show inflation is well above even the 5.25% upper limit of that range.
Published 09 Apr, 2021 07:27pm
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