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Montevideo, June 15th 2024 - 11:09 UTC

Tag: Brazilian Institute of Geography and Statistics (IBGE)

  • Wednesday, June 5th 2024 - 09:45 UTC

    Brazil's economy back on progress' track

    According to the IMF, Brazil will soon become the 8th economy in the world, Lula announced on X

    According to a report from Brazil's Institute of Geography and Statistics (IBGE) released Tuesday, the Gross Domestic Product (GDP) of South America's largest country grew 0.8% in the first quarter of 2024 compared to the last three months of 2023 and 2.5% interannually after a 0.1% contraction in the fourth quarter of last year.

  • Monday, May 13th 2024 - 19:38 UTC

    Brazil's Central Bank ups expansion forecast for 2024 to 2.09%

    The 2024 projection is within the inflation target range set by the BCB's National Monetary Council (CMN) of 3% (+- 1.5 percentage points)

    According to the latest issue of the Focus bulletin released Monday by Brazil's Central Bank (BCB), the economy in South America's largest country will grow by 2.09% this year, which represented an improvement from the previous 2.05% forecast, Agencia Brasil reported. The study also foresaw a yearly inflation of 3.76%.

  • Wednesday, April 3rd 2024 - 19:25 UTC

    Brazilian industry slides for second straight month

    February's results were influenced by a calendar effect, Macedo explained

    According to the Monthly Industrial Survey released Wednesday by Brazil's Rio de Janeiro-based Institute of Geography and Statistics (IBGE), industrial production in South America's largest country fell 0.3% in February, which represented its second straight monthly decline after January's -1.5%, Agencia Brasil reported.

  • Tuesday, July 4th 2023 - 09:19 UTC

    Equal pay bill signed into law in Brazil

    “We women have been waiting for this day for at least 80 years,” Minister Cida Gonçalves said

    Brazilian President Luiz Inácio Lula da Silva Monday signed into law a bill granting male and female workers equal pay for the same job position, it was reported in Brasilia. Lula insisted he would “enforce” this measure, which “cannot be violated or circumvented” under any circumstances.

  • Wednesday, August 31st 2022 - 18:27 UTC

    Unemployment in Brazil matches record lows

    Actual wages also rose after two years of stagnation or decline, the IBGE report showed

    Unemployment in Brazil continues to fall, hitting record lows, according to a report released Wednesday by the Brazilian Institute of Geography and Statistics (IBGE).

  • Wednesday, July 5th 2017 - 20:52 UTC

    Brazilian industrial output grows for a second month during May

    Automobile production jumped 9.0%, supported by strong exports that also helped Brazil's trade balance record their two largest monthly surpluses on record

    Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.

  • Sunday, June 4th 2017 - 12:07 UTC

    Brazil record trade surplus and industrial production up 0.6% in April

     Exports boosted by a record soy crop and rising auto sales reached US$ 19.8bn and imports US$ 12.2bn

    Encouraging news for Brazil's economic recovery: industrial output increased in April for the first time since December and the trade surplus rose to a record US$ 7.661bn during May, according to government data. Exports boosted by a record soy crop and rising auto sales reached US$ 19.8bn and imports US$ 12.2bn

  • Friday, June 2nd 2017 - 08:15 UTC

    Relief for Temer: Brazilian economy grew 1% in first quarter of the year

    Temer, who faces a probe into alleged corruption and plotting to silence a witness, is staking his bid to retain power on Brazil's tepid comeback.

    Brazil's economy grew by one percent in the first quarter of 2017, ending eight consecutive quarters of shrinkage in the country's worst recession in history, the state statistics office said Thursday. While not definitively ending the recession, the spike in growth offers another glimmer of light for Latin America's biggest economy -- and could throw a lifeline to President Michel Temer as he tries to fend off a huge corruption scandal.

  • Sunday, May 14th 2017 - 08:53 UTC

    Brazil retail sales plunge in March; government insists economy will be positive in first quarter

    The government continued to see the economy resuming growth in the first quarter despite the weak retail performance in March, insisted Minister Henrique Meirelles

    Retail sales in Brazil unexpectedly fell in March at the steepest monthly rate in 14 years, strengthening bets on a bolder interest rate cut at the end of this month. Sales volumes excluding cars and building materials fell 1.9% in March from February, government statistics agency IBGE said. Sales fell 4.0% from the year-earlier period.

  • Friday, April 28th 2017 - 17:23 UTC

    Brazil hit by record 13.7% unemployment in March, 14 million out of a job

    As the economy tumbled, Brazil's jobless rate has more than doubled since hitting a record low of 6.2% in 2013.

    Brazil's jobless rate rose to a record for the fifth straight month in March with more than 14 million workers unemployed, government data showed on Friday, illustrating the hardships caused by the country's deepest recession ever.