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Montevideo, September 25th 2023 - 00:16 UTC

Tag: Brazilian Institute of Geography and Statistics (IBGE)

  • 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.

  • Thursday, February 9th 2017 - 11:36 UTC

    Brazilian inflation drops for the fifth straight month

    Prices during January rose 0.38% from a month earlier, the smallest rise for January since 1994, according to IBGE

    Consumer prices rose less than expected in Brazil in January for the fifth straight month, increasing the chances of steeper interest rate cuts and a stronger economic recovery as the inflation rate falls toward the government's long-missed target.

  • Wednesday, November 16th 2016 - 09:16 UTC

    Brazil's annual inflation below 8%; October's 0.26% increase was the lowest since 2000

    With inflation on a downward path, the central bank cut interest rates last month from a decade high to help lift the economy out of a two-year downturn.

    Brazil's annual inflation rate in October fell below 8% for the first time since February 2015, keeping the door open for small interest rate cuts as a deep recession lingers. Prices rose 7.87% in the 12 months through October, down from an annual increase of 8.48% in the previous month, statistics bureau IBGE said.

  • Wednesday, October 5th 2016 - 12:02 UTC

    Brazil industrial production suffers major monthly drop during August

     Durable-goods output, which includes the auto sector, contracted 9.3% in August from July as a local Volkswagen AG plant halted production

    Brazil’s industrial output posted its biggest monthly drop in over four years in August, damping optimism about the country’s prospects for recovering from its worst recession in generations. Industrial production declined 3.8% in August from July in seasonally adjusted terms, the Brazilian Institute of Geography and Statistics, IBGE, said on Tuesday.