Brazilian economic activity fell for the second straight month in December, declining 1.35% relative to November, the Central Bank said in a report Friday. The Economic Activity Index, IBC-Br, considered a reliable predictor of GDP performance, was up 2.57% for all of 2013.
Weeks of drought and heat have hit Brazil's soy and corn production, but the agriculture ministry still predicted a record 2014 harvest. Corn production is set to total 75.5 million metric tons, down from a January estimate of 79 million, state food supply agency Conab said in its monthly report.
Brazilian consumer prices ended 2013 higher than expected at 5.91%, above the upper limit of the government target, after inflation surged in December, official statistics released Friday showed. The Brazilian Institute of Geography and Statistics (IBGE) said last month's inflation figure of 0.92% was the highest for December since 2002, and compared with 0.54% a month earlier.
Brazil's annual inflation cooled in November falling to 5.77%, reported the Institute of Geography and Statistics, IBGE, on Friday. The November reading was the lowest since registering 5.84% in December 2012.
Annual inflation in Brazil reached its lowest level in nine months, but the country still shows signs it hasn't yet come to grips with persistently higher prices. Brazil's 12-month inflation reading continued to retreat, falling to 5.86% in September, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday.
Brazil's jobless rate fell unexpectedly and salaries jumped in August from the previous month, government data showed this week. It was the second consecutive month-to-month drop in Brazil's jobless rate, which remains close to record lows.
Brazilian President Dilma Rousseff's approval rating fell for the first time since her term began in January 2011 as concern about inflation and sluggish economic growth grew. Rousseff's presidency was rated as good or excellent fell to 57% from 65% in the previous poll.
The Brazilian economy grew a mere 0.9% in 2012 despite government stimulus measures, its worst performance in three years, official statistics showed Friday. But prospects for the coming years are considered encouraging given the international events to be hosted by Brazil and the electoral calendar.
Brazil had a record-setting 351.153 divorces in 2011, 45.6% more than in 2010 and the most since the annual statistic began to be kept in 1984, the government said Monday.
Brazil's primary budget surplus narrowed in September, distancing the government from its full-year surplus target, but the central bank said that target is still within reach. The accumulated primary surplus of January through September narrowed to 75.8 billion Brazilian Reais (37.3 billion dollars) from 104.6 billion Reais in the same period a year earlier.