IBGE, the Brazilian Institute of Geography and Statistics cut the country's cereals, pulses, and oilseeds output estimate. According to the Statistics of Agricultural Production, conducted in March, Brazil will harvest an output of 258.9 million tons in 2022, 1% below (2.7 million tons less) than anticipated in February.
Contrary to foreign forecasts from multilateral organizations forecasts, Brazil’s Gross Domestic Product (GDP) ended 2021 with a 4.6% growth, totaling 8.7 trillion (about US$ 1,7 trillion at the current rate). The country managed to recover from the slowdown of 2020 when the Brazilian economy shrank 3.9% because of the pandemic.
Brazil's Gross Domestic Product (GDP) contracted 0.1% in the 2nd quarter of 2021, the Brazilian Institute of Geography and Statistics (IBGE) reported Wednesday.
Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.
Brazil's industrial production rose for the seventh consecutive month in November, boosted by the output of motor vehicles and clothing. Production rose a seasonally adjusted 1.2% in November and increased 2.8% from the same month a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said on Friday.
Brazil’s rice production is expected to shrink and the challenge will be to limit exports in order to supply domestic demand and contain domestic prices.
Brazilian retail sales plunged at a record pace in April as social isolation measures choked spending, official figures showed indicating the economy’s contraction in the second quarter could be even more severe than anticipated.
Services activity in Brazil shrank 1% in February, official figures showed on Wednesday, the biggest monthly fall in over 18 months and another sign Latin America's largest economy was already in go-slow mode before the coronavirus crisis erupted.
Brazilian industrial production slumped in November after rising for three consecutive months, marking the weakest performance for the month in four years, the government statistics agency IBGE said on Thursday.
Brazil’s statistics agency IBGE will revise the country’s third quarter GDP figures, it said, after upward revisions to export data this week suggested growth may have been stronger than first estimated.