Activity in Brazil’s services sector fell 0.7% in March from the month before, government statistics agency IBGE said on Tuesday, a decline far greater than expected and another strong sign that the economy contracted in the first quarter.
Brazilian industrial output was down 2% in July from June this year. The information was released this Tuesday in the Monthly Industrial Survey by the Brazilian Institute of Geography and Statistics IBGE.
Brazil’s twelve-month inflation ended August at its lowest level this year, according to a central bank survey of fourteen economists. This means the 12-month IPCA consumer-price index is likely to weigh in at 6.10% for August, down from 6.27% at the end of July.
Brazil’s economy expanded 1.5% in the second quarter of 2013 compared with the previous three month, exceeding the most optimistic market expectations, official statistics showed Friday. The farm sector fared best, growing 3.9%, followed by industry with 2% and services 0.8% according to the Brazilian Institute of Geography and Statistics (IBGE) website.
Brazil's economic activity grew at a slightly slower pace than expected in June despite strong industrial output, data showed on Thursday. The central bank's IBC-Br index climbed 1.13% in June from May in seasonally adjusted terms, up from a decline of 1.50% in the previous month.
Brazil's jobless rate rose slightly in April for the fourth straight month but remained near record lows, suggesting that tight labour conditions bolstered a gradual recovery and fed into inflation, statistics agency IBGE said this week.
Inflation in Brazil during April climbed 0.55% over March (0.47%) and accumulated 6.49% in the last twelve months which is just below the government’s upper limit target of 4.5% to 6.5%, according to the latest release from the country’s Geography and Statistics National Institute, IBGE.
Brazil's economy grew 1.35% in 2012, above the market forecast of 1 percent, according to the Central Bank estimate. The official and final figure will be released by the Brazilian Institute of Geography and Statistics (IBGE) on March 1.
Brazilian industrial output posted its first annual increase in more than a year in October as a tax break on autos helped support a nascent recovery in the country's beleaguered manufacturing sector.
Brazil on Friday reported slower than expected economic growth in the third quarter putting more pressure on President Dilma Rousseff to make deeper structural reforms and adding to fears that the global slowdown is reaching big emerging markets.