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Inflation forecast drops

21/09/2017 at 12:38h

Brasília – The Brazilian Central Bank expects inflation to be lower this year than in the last. It revised down its Extended National Consumer Price Index (IPCA) from 3.8% in June to 3.2% in the Inflation Report it released this Thursday (21). According to the bank, the revision was prompted by the decline in food prices.

In 2018, inflation is seen reaching 4.3%, which is lower than the Central Bank’s target range midpoint, which is 4.5%. The June forecast had matched the midpoint of the range. The Brazilian monetary authority expects inflation to be 4.2% in 2019 and 4.1% in 2020.

The forecasts are part of what the Central Bank calls its ’core projection,’ which includes the estimates from market players regarding the interest and exchange rate.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Household consumption intent declines

20/09/2017 at 12:09h

Rio de Janeiro – Household consumption intent, as measured by the National Federation for Trade in Goods, Services and Tourism (CNC), dropped 0.7% in September over August of this year. The indicator reached 76.8 points, in a 0-200 scale range. Despite the monthly decline, Household Consumption Intent increased 6.4% in comparison to September of last year.

Via Agência Brasil. Translated by Sérgio Kakitani

Brazilian raw steel output up 9.3%

19/09/2017 at 19:22h

São Paulo – Raw steel production in Brazil reached 22.5 million tons from January to August this year, up 9.3% from a year ago, the Brazil Steel Institute reported this Tuesday (19).

Brazilian steel exports increased by 12.9% in volume to 9.8 million tons through August, and by 43% in revenue to USD 5 billion.

Steel imports to Brazil reached 1.6 million tons, up 67.4% year-on-year, and amounted to a combined USD 1.5 billion, up 45.7%.

Translated by Gabriel Pomerancblum

Trade surplus hits USD 1.080 billion

18/09/2017 at 20:24h

São Paulo – Brazil saw a USD 1.080 billion trade surplus in the third week of September, the result of USD 4.550 billion worth of exports and USD 3.470 billion worth of imports, the Brazilian Ministry of Industry, Foreign Trade and Services reported this Monday (18).

Month-to-date through the third week, foreign sales amounted to USD 9.108 billion, with imports coming out to USD 6.654 billion and leading to a USD 2.454 billion surplus. Year-to-date, the surplus was USD 50.560 billion, the result of USD 155.050 billion in exports and USD 104.491 billion in imports.

Translated by Gabriel Pomerancblum