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Preview shows 1.77% deflation

18/08/2017 at 12:47h

Rio de Janeiro – Brazil’s General Price Index - Market (Índice Geral de Preços - Mercado - IGP-M), on which residential lease contracts are based, edged up 0.03% in its second August preview. The rate is up from the second June preview, which had shown 0.71% deflation. Although the 2nd August preview showed an increase, the IGP-M was down 2.62% year-to-date and down 1.77% over the last 12 months.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Purchase intent stays level in Brazil

17/08/2017 at 12:59h

Rio de Janeiro – Purchase Intent by Families (Intenção de Consumo das Famílias - ICF) remained flat in August from July in Brazil at 77.3 points on a 0-200 scale. Year-on-year in August, though, the indicator climbed 11.5%, the National Federation of Trade in Goods, Services and Tourism (CNC) said this Thursday (17).

Via Agência Brasil. Translated by Gabriel Pomerancblum

Services sector grew 1.3% in June

16/08/2017 at 16:00h

Rio de Janeiro – In Brazil, the sales volume of the services sector increased 1.3% in June over May. The sector had also grown 0.5% in May and 1.1% in April. Meanwhile, nominal revenues increased 1% in June. The data from the Monthly Survey of Services was made public this Wednesday (16) by the Brazilian Institute of Geography and Statistics (IBGE). Among the six activities surveyed, five registered an increase in sales volume, with the highlight being tourist activities.

Via Agência Brasil. Translated by Sérgio Kakitani

Brazil’s trade surplus could be in global top five

15/08/2017 at 19:13h

Brasília – For the first time ever, Brazil might post one of the world’s five widest trade surpluses. According to the Brazilian Foreign Trade Association (AEB), the country is expected to post a USD 63.2 billion surplus in 2017, the Brazilian government news website Portal Brasil reported.

Data released this Tuesday (15) by Fundação Getulio Vargas (FGV) show a 12.5% increase in exports, with imports going up 10.8% in the twelve months through July. Growth in exports was driven by extractive industries, whose foreign sales soared by 49.7%.

Exports were also up 26% for agriculture and livestock and by 3.15 for the process industry. “The favorable balance of trade performance, with the highest surplus on record being expected, is primarily associated with commodity sales,” the AEB said in a report.

Translated by Gabriel Pomerancblum