Tag: Brazilian Institute of Geography and Statistics (IBGE)

• Sunday, September 27th 2015 - 09:27 UTC

  Brazil unemployment up for eighth month running; double December's rate

  

  Brazil's unemployment rate rose for an eighth straight month in August to the highest in over five years, although the increase was slightly smaller than markets expected. The non-seasonally adjusted jobless rate rose in August to 7.6%, from 7.5% in July, statistics agency IBGE said.

• Thursday, September 3rd 2015 - 08:30 UTC

  Brazilian industrial production plummets in July: 8.9% from a year earlier

  

  Brazil's industrial production plummeted in July and fell well below economists' worst predictions. Industry output sank 1.5% in July from June in seasonally adjusted terms and was down 8.9% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday. The IBGE also revised June's drop to 0.9% from 0.3% from the previous month.

• Sunday, August 30th 2015 - 13:58 UTC

  Brazil in recession: worst slowdown in nearly three decades

  

  Brazil's economy shrank 1.9% in the second quarter, sinking into a recession that has hammered President Dilma Rousseff's popularity. The quarterly contraction, reported by government statistics agency IBGE on Friday, was bigger than what markets expected and confirms the worst slowdown for Brazil in nearly three decades.

• Thursday, August 27th 2015 - 04:35 UTC

  Brazil unemployment climbs to 8.3% in 2Q; auto industry starting layoffs

  

  Brazil’s unemployment rate rose to 8.3% in the second quarter, according to a release from the Brazilian Institute for Geography and Statistics, IBGE. The ranks of the jobless expanded to 8.4 million people during the April-June period.

• Thursday, July 9th 2015 - 06:46 UTC

  Brazil's six-month inflation at 6.17%, highest for half year since 2003

  

  Brazil's inflation was little changed at 0.79% in June, rising to 8.89% over the last 12, reported the Brazilian Institute of Geography and Statistics, IBGE, on Wednesday. May's rate was 0.74%. Main price rises accounting for a third of June's inflation included 29.19% for plane tickets, 4.95% in water taxes and gambling rates, officials said.

• Tuesday, June 16th 2015 - 04:47 UTC

  Brazil's housing market falling as interest rates rise and the economy slows

  

  Brazil's housing market is now declining, amidst subdued economic growth and some civil unrest. In Sao Paulo, house prices dropped 1.2% during the year to Q1 2015, after annual price increases of 0.83% in Q4 2014, 3.29% in Q3 2014, 5.37% in Q2 2014 and 6.71% in Q1 2014

• Thursday, June 4th 2015 - 08:54 UTC

  Despite a contracting economy Brazil increases basic interest rate to 13.75%

  

  Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession.

• Thursday, May 7th 2015 - 06:08 UTC

  Brazil's industrial production continues to skid, 4,7% in twelve months

  

  Brazil's industrial production has dropped 4.7% in the last twelve months after slipping in March by 0.8% amid a sharp downturn in the country's economy, official figures showed Wednesday.

• Thursday, April 2nd 2015 - 08:20 UTC

  Brazil’s industrial production drops in February; 11 out of 24 sectors down

  

  Brazil's industrial production dropped in February after a momentary uptick at the beginning of the year, as factories and mines braced for what economists say could be the country's worst year in more than two decades.

• Wednesday, February 4th 2015 - 09:17 UTC

  Brazil's industrial production contracted sharply in 2014, worst year since 2009

  

  Brazil’s industrial production contracted sharply in December and finished last year with its steepest decline since 2009, as rising interest rates, weak demand and waning confidence from consumers and businesses weighed on output.