Tag: Brazilian Institute of Geography and Statistics (IBGE)

• 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.

• Saturday, September 27th 2014 - 09:08 UTC

  Relief for Dilma: unemployment rate in August remained at 5%

  

  Brazil's jobless rate rose in August to its highest in six months despite stronger job creation, adding to signs that the economic recession is eroding a robust labor market. The non-seasonally adjusted jobless rate stood at 5.0 percent in August, up from 4.9% in July, statistics agency IBGE announced.

• Saturday, August 30th 2014 - 10:53 UTC

  Brazil in recession; Minister Mantega blames external factors and World Cup

  

  Brazil has fallen into recession, further weakening President Dilma Rousseff, just weeks before voting in what will be a tough re-election battle. Brazil's national statistics institute said Friday GDP shrank 0.6% in the second quarter and revised an initially positive first quarter growth estimate down to -0.2 percent.