Tag: Brazilian Institute of Geography and Statistics (IBGE)

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

  Brazilian industrial output grows for a second month during May

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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

  

  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.

• Thursday, June 2nd 2016 - 07:31 UTC

  Brazil's economy plunges 5.4% in the first quarter compared to a year ago

  

  Brazil's economy sank further into recession in the first quarter, contracting 5.4% relative to the same three-month period of last year, the government said Wednesday. Compared with the final quarter of 2015, the economy shrank by 0.3%, according to the state-run Brazilian Institute for Geography and Statistics, or IBGE.

• Friday, March 4th 2016 - 07:17 UTC

  Brazilian GDP contracted 3.8% in 2015, the worst among major economies

  

  Brazil's GDP fared worse than almost any other major economy in 2015, contracting by 3.8%, according to the national statistics agency IBGE. Economic growth in the world's seventh-largest economy has fallen sharply in recent months, which was due partly to low commodity prices and sluggish global growth.