RELATED NEWS

Friday December 09 2016
Brazil Inflation Rate Falls To Nearly 2-Year Low  
Consumer prices in Brazil rose 6.99 percent in the 12 months through November 2016, down from an increase of 7.87 percent in the previous month and below market consensus of a 7.08 percent gain. It was the lowest inflation rate since December 2014, as prices rose at a slower pace for food, housing and transportation. Still, inflation remained above the central bank's official target of 4.5 percent.
Friday December 02 2016
Brazil Trade Surplus Widens 297% YoY  
The trade surplus in Brazil rose to USD 4.76 billion in November of 2016, much higher than a USD 1.2 billion surplus a year earlier. It is the wider surplus for a November month on record and better than market expectations of a USD 3 billion. Exports recorded the biggest gain in six years while imports continued to contract. The country has been reporting trade surpluses since March last year, as a weaker real weighed down on imports but failed to boost exports.
Wednesday November 30 2016
Brazil Cuts Key Interest Rate to 13.75%  
The Central Bank of Brazil lowered its benchmark Selic rate to 13.75 percent on November 30th, its lowest in over a year. The decision was widely expected by markets, as policymakers aim to bring inflation back to target amid a deep economic recession and a new political scandal.
Wednesday November 30 2016
Brazil GDP Shrinks 2.9% YoY in Q3  
The Brazilian economy contracted 2.9 percent year-on-year in the third quarter of 2016, following a downwardly revised 3.6 percent decrease in the previous period and better than market expectations of a 3.2 percent drop. It is the 10th straight quarter of contraction, hurt by internal demand and a slowdown in exports.
Wednesday November 30 2016
Brazil GDP Contracts For 7th Quarter  
The Brazilian economy shrank 0.8 percent on quarter in the three months to September of 2016, in line with market expectations. It is the seventh straight quarter of contraction as consumer spending continued to fall and public expenditure and investment shrank.
Tuesday November 29 2016
Brazil Unemployment Rate Remains at Record High of 11.8%  
The unemployment rate in Brazil remained unchanged at 11.8 percent in the three months to October of 2016, slightly above market expectations of 11.7 percent. It is the highest jobless rate since the series began in 2012.
Wednesday November 09 2016
Brazil Inflation Rate Down to 7.87% in October  
Consumer prices in Brazil rose 7.87 percent year-on-year in October of 2016, easing from an 8.48 percent increase in September. It is the lowest inflation rate since February last year and in line with market estimates of 7.9 percent as cost increased less for food, transport and housing.
Tuesday November 01 2016
Brazil Posts Biggest October Trade Surplus in 5 Years  
Brazilian trade surplus increased by 15.2 percent to USD 2.3 billion in October 2016 from USD 2.0 billion the same month of the previous year, but missing markets consensus of USD 2.7 billion. It was the biggest surplus posted for an October month since 2011.
Thursday October 27 2016
Brazil Unemployment Rate Below Expectations at 11.8%  
The jobless rate in Brazil came in at 11.8 percent in the three months to September of 2016, below market expectations of 11.9 percent but staying at the highest level since the series began in 2012. In the previous quarter, unemployment was lower at 11.3 percent.
Wednesday October 19 2016
Brazil Cuts Key Rate to 14%  
The central bank of Brazil lowered its benchmark SELIC rate by 25bps to 14 percent on October 19th 2016. It is the first rate cut in four years amid a severe contraction and signs of slowing inflation.
Friday October 07 2016
Brazil Inflation Rate Slows to 16-Month Low  
Consumer prices in Brazil rose 8.48 percent year-on-year in September of 2016, easing from an 8.97 percent increase in August and below market estimates of 8.6 percent. It is the lowest inflation figure since May last year due to a slowdown in cost of food, transport and housing.
Monday October 03 2016
Brazil Posts Biggest September Trade Surplus in 10 Years  
Brazilian trade surplus increased 29.2 percent to USD 3.80 billion in September 2016 compared to USD 2.94 billion in the same month of the previous year, but missing markets expectations of USD 3.9 billion. It was the biggest surplus posted for a September month in ten years, as exports fell 2.2 percent year-on-year while imports dropped at a faster 9.2 percent.
Friday September 30 2016
Brazil Unemployment Rate Rises to New High of 11.8%  
The jobless rate in Brazil increased to 11.8 percent in the three months to August of 2016, above market expectations of 11.7 percent. The unemployment rate rose for the third straight period, reaching again a new high since the series began in 2012 as the country struggles with the worst recession in years. A year earlier, unemployment was much lower at 8.7 percent.
Friday September 09 2016
Brazil Inflation Rate Rises to 8.97% in August  
Consumer prices in Brazil rose 8.97 percent year-on-year in August of 2016, accelerating slightly from an 8.74 percent increase in July and barely in line with market expectations of 8.98 percent. The inflation remained well above the central bank’s mid-point target of 4.5 percent, mainly due to higher food and transport prices. Policymakers expect the inflation to be around 7.3 percent this year.
Thursday September 01 2016
Brazil Trade Surplus Widens Sharply as Exports Climb  
Brazilian trade surplus increased 53.9 percent to USD 4.14 billion in August 2016 compared to USD 2.69 billion in the same month of the previous year, missing markets expectations of USD 4.20 billion. It was the biggest surplus posted for an August month in ten years, as exports climbed 9.7 percent year-on-year while imports rose at a much slower 0.4 percent.
Wednesday August 31 2016
Brazil Leaves Key Rate at 14.25%  
The central bank of Brazil left its benchmark SELIC rate on hold at 14.25 percent on August 31st 2016. Policymakers said the inflation has been easing at a slower pace than expected although there is evidence the economy has stabilized and signs of a possible gradual recovery.
Wednesday August 31 2016
Brazil GDP Shrinks 3.8% YoY in Q2  
The Brazilian economy contracted 3.8 percent year-on-year in the second quarter of 2016, following a 5.4 percent decline in the previous period and slightly worse than market expectations of a 3.7 percent drop. It is the 9th straight quarter of contraction, hurt by internal demand.
Wednesday August 31 2016
Brazil GDP Contracts 0.6% QoQ in Q2  
The Brazilian economy shrank 0.6 percent on quarter in the three months to June of 2016, following an upwardly revised 0.4 percent decline in the previous period and worse than market expectations of a 0.5 percent drop. It is the sixth straight quarter of contraction although investment rose for the first time in nearly three years.
Tuesday August 30 2016
Brazil Unemployment Rate at Fresh High of 11.6%  
The jobless rate in Brazil increased to 11.6 percent in the three months to July of 2016, reaching a new high since the series began in 2012 as the country struggles with the worst recession in years. Figures came above market expectations of 11.5 percent. A year earlier, unemployment was lower at 8.6 percent.
Wednesday August 10 2016
Brazil Inflation Rate Edges Down to 8.7% in July  
Consumer prices in Brazil increased by 8.74 percent year-on-year in July 2016, easing from a 8.84 percent growth in June but above market consensus of 8.66 percent. It was the lowest reading since May last year, as housing prices and cost of furnishings and household equipment rose at a slower. Still, inflation remained well above the central bank's official target of 4.5 percent.
Monday August 01 2016
Brazil Trade Surplus Widens 92.4% in July  
Brazilian trade surplus increased 92.4 percent year-on-year to USD 4.58 billion surplus in July of 2016. It was the biggest surplus for July month since 2006 while below market expectations of USD 4.95 billion surplus. Exports fell for the second consecutive month and imports shrank at a faster pace.
Friday July 29 2016
Brazil Unemployment Rate Rises to 11.3%  
The jobless rate in Brazil edged up to 11.3 percent in the three months to June of 2016 from 11.2 percent in the previous period, reaching the highest since the series began in 2012 as the country struggles with the worst recession in years. However, figures came slightly below market expectations of 11.4 percent. Yet, employment increased for the first time this year and the number of unemployed rose the least in five months.
Wednesday July 20 2016
Brazil Holds SELIC Rate at 14.25%  
The Central Bank of Brazil left its key interest rate unchanged at 14.25 percent for the eighth consecutive time on July 20th, amid political uncertainty and high inflation expectations. The decision was widely expected by markets, as policymakers aim to bring inflation back to target despite a deep economic recession.
Friday July 08 2016
Brazil Inflation Rate Lowest in 1 Year  
Consumer prices in Brazil increased by 8.84 percent year-on-year in June of 2016, easing from a 9.32 percent growth in May and beating market consensus of 8.87 percent. It was the lowest reading since May last year, as cost of housing and transportation rose at a slower pace. Still, inflation remained well above the central bank's official target of 4.5 percent.
Friday July 01 2016
Brazil Trade Surplus Narrows 12% YoY in June  
Brazil recorded a USD 3.97 billion surplus in June of 2016, down 12.3 percent from a year earlier, in line with market expectations. Exports came back to contraction, reaching the lowest value for a June month since 2009.
Wednesday June 29 2016
Brazil Unemployment Rate Below Expectations  
Brazil's national unemployment rate came in at 11.2 percent in the three months to May of 2016, the same as in the previous period and the highest since the survey began in January 2012. However, figures came below market expectations of 11.4 percent.
Thursday June 09 2016
Brazil Leaves SELIC Rate at 14.25%  
The Central Bank of Brazil kept its key interest rate on hold at 14.25 percent for the seventh straight meeting on June 8th, as policymakers struggle to bring inflation back to target amid a deepening economic recession. The decision was unanimous.
Wednesday June 08 2016
Brazil Inflation Rate Edges Higher in May  
Consumer prices in Brazil increased by 9.32 percent year-on-year in May of 2016, following April's 9.28 percent growth and above market consensus of 9.29 percent gain. While prices of housing advanced further, cost of food and transportation rose at a slower pace.
Wednesday June 01 2016
Brazil Trade Surplus Reaches Record High in May  
Brazil recorded a USD 6.44 billion trade surplus in May of 2016, much higher than market expectations of USD 5.5 billion and a USD 2.7 billion surplus a year earlier. It is and the highest surplus on record as exports grew for the second straight month and imports slumped at a slower pace.
Wednesday June 01 2016
Brazil GDP Falls for 8th Straight Quarter  
Brazil's gross domestic product declined 5.4 percent year-on-year in the first quarter of 2016, slowing from a 5.9 percent fall in the previous period and beating market expectations of 6 percent drop. It was the eight consecutive quarter of contraction, as investment and consumption continued to fall while net external demand contributed positively.
Wednesday June 01 2016
Brazil Economy Contracts 0.3% in Q1  
The Brazilian economy shrank 0.3 percent on the quarter in the first three months of 2016, following a downwardly revised 1.3 percent contraction in the previous period and beating market expectations of 0.8 percent decline. It was the smallest drop since the first quarter of 2015, aided by rising exports and a rebound in government expenditure while consumer spending and investment continued to shrink.
Tuesday May 31 2016
Brazil Jobless Rate Rises to Fresh Record High  
Brazil's national unemployment rate rose to 11.2 percent in the three month period ending April 2016 from 9.5 percent in the period ending January. It was the highest reading since the beginning of the survey in January 2012, as the number of unemployed persons rose 18.6 percent while employment fell 1.1 percent. A year earlier, the unemployment rate was recorded at 8 percent.
Friday May 06 2016
Brazil Inflation Rate Slows to 10-Month Low  
Consumer prices in Brazil increased 9.28 percent year-on-year in April of 2016 easing for the third straight month to the lowest since June last year. Energy and electricity cost increased at a slower pace and helped offset an increase in food prices.
Monday May 02 2016
Brazil Trade Surplus Tops Estimates  
Brazil recorded a USD 4.86 million trade surplus in April of 2016, better than market expectations of USD 4.7 billion and the highest on record for an April month. Exports rebounded while imports decreased at a slower pace.
Friday April 29 2016
Brazil Jobless Rate Rises to 10.9%  
Brazil's national unemployment rate rose to 10.9 percent in the three month period ending March 2016, up from 9.0 percent at end-2015, as the number of unemployed persons rose 22.2 percent while employment fell 1.7 percent. A year earlier, the unemployment rate was recorded at 7.9 percent.
Wednesday April 27 2016
Brazil Leaves Key Rate Unchanged at 14.25%  
Brazil's central bank maintained its benchmark interest rate at 14.25 percent for the sixth consecutive time at its April 27th meeting, amid political uncertainties ahead of possible presidential impeachment in the next weeks and despite the latest slowdown in inflation rate. Policymakers also said that there is no room for monetary easing due to high inflation expectations.
Friday April 08 2016
Brazil Inflation Rate at 9-Month Low  
Consumer prices in Brazil increased 9.39 percent year-on-year in March of 2016, following a 10.36 percent rise in the previous month. The inflation rate slowed for the second consecutive month to its lowest since June of 2015 as electricity cost eased.
Friday April 01 2016
Brazil Trade Surplus Widens Sharply  
Brazil recorded a $4.43 billion trade surplus in March of 2016 compared to a $0.46 billion surplus a year earlier and beating market expectations of $3.9 billion. It is the 13th consecutive trade surplus and the highest so far this year as a weaker real continued to drag imports down.
Wednesday March 23 2016
Brazil Jobless Rate at Nearly 7-Year High  
Brazil's non-seasonally adjusted unemployment rate rose to 8.2 percent in February of 2016 from 7.6 percent in the previous month and above market forecast of 8.1 percent. It was the highest figure since May of 2009, as the number of unemployed increased sharply while employment fell. A year earlier, the unemployment rate was lower at 5.8 percent.
Wednesday March 09 2016
Brazil Inflation Rate Slows to 10.4%  
Consumer prices in Brazil increased by 10.36 percent year-on-year in February of 2016 easing from a 12-year high growth of 10.71 percent in January, while staying below market consensus. It was the lowest reading since October 2015, as cost of housing and transportation rose at a slower pace.
Thursday March 03 2016
Brazil GDP Shrinks for 4th Straight Quarter  
The Brazilian economy contracted 1.4 percent on quarter in the last three months of 2015, slightly lower than market expectations of a 1.5 percent decline and following a 1.7 percent contraction in the previous period. It is the fourth straight quarter of contraction as companies have been cutting investment plans since the second quarter of 2014 and in 2015 around 1.5 million people lost their job.
Thursday March 03 2016
Brazil GDP Posts Sharpest Contraction Since 1991  
The Brazilian economy contracted 5.9 percent year-on-year in the last quarter of 2015 accelerating from a 4.5 percent fall in the previous period. It was the seventh consecutive quarter of contraction and the worst since 1991, as investment and consumption dropped sharply. Considering full 2015, GDP shrank 3.8 percent.
Wednesday March 02 2016
Brazil Holds Key Rate at 14.25%  
The central bank of Brazil left its benchmark interest rate unchanged at 14.25 percent for a fifth straight meeting on March 2nd, taking into account domestic and especially external risks and in spite of soaring inflation. Six of eight policymakers voted to hold SELIC rate and two decided voted for a hike.
Tuesday March 01 2016
Brazil Trade Surplus Beats Expectations  
Brazil recorded a $3.04 billion trade surplus in February of 2016 compared to a $2.84 million deficit a year earlier and beating market expectations of $2.57 billion. It was the twelfth consecutive trade surplus as a weaker real continued to drag imports down.
Thursday February 25 2016
Brazil Jobless Rate Rises to 7.6% in January  
The unemployment rate in Brazil increased to 7.6 percent in January of 2016 compared to 6.9 percent reported in the previous month while markets were expecting the rate to climb to 8 percent. The number of unemployed increased sharply while employment fell. A year earlier, the unemployment rate was much lower at 5.3 percent.
Friday February 05 2016
Brazil Inflation Rate Highest Since November 2003  
Consumer prices in Brazil increased 10.71 percent year-on-year in January of 2016, accelerating for the fourth straight month and reaching a fresh 12-year high. Figures came slightly above market expectations mainly due to a rise in food prices. The country is struggling with stubbornly high inflation since mid-2014 after the government imposed several tax increases aiming at balancing overall budget while a weak real pushes import prices up. The real fell around 47 percent to the USD in 2015.
Monday February 01 2016
Brazil Posts Trade Surplus for 11th Month  
Brazil recorded a USD 923 million trade surplus in January of 2016, compared to a USD 3174 million deficit a year earlier and higher than market expectations of USD 500 million. The country posted its eleventh consecutive trade surplus as a weak currency has dragged imports down at a faster pace than exports.
Thursday January 28 2016
Brazil Jobless Rate For December Month Highest Since 2007  
The unemployment rate in Brazil increased to 6.9 percent in December of 2015 compared to 4.3 percent reported in the same month a year ago and below market expectations. Still, it is the lowest jobless rate in 6 months due to seasonal factors as the rate always declines in the last month of the year.
Wednesday January 20 2016
Brazil Holds Key Rate at 14.25%  
The central bank of Brazil left its benchmark interest rate unchanged at 14.25 percent at its January 20th meeting. The Selic rate was left on hold at a 9-year high for the fourth straight meeting, as policymakers struggle to curb rising inflation amid a deep contraction.
Friday January 08 2016
Brazil Inflation Rate Edges Up to 10.67%  
Consumer prices in Brazil rose 10.67 percent year-on-year in December of 2015, up from 10.48 percent in the previous month and the highest since November of 2003. Markets were expecting a slightly higher rate of 10.77 percent. The country is struggling with stubbornly high inflation since mid-2014 after the government imposed several tax increases aiming at balancing overall budget while the real fell around 47 percent to the USD in 2015.
Tuesday January 05 2016
Brazil Trade Surplus Hit Record High  
Brazil recorded a USD 6.24 billion trade surplus in December of 2015, up from a USD 0.29 billion surplus a year earlier as imports slumped 39 percent.
Thursday December 17 2015
Brazil Unemployment Rate Unexpectedly Falls to 7.5%  
The jobless rate in Brazil decreased to 7.5 percent in November of 2015 from 7.9 percent in the previous month, reaching the lowest in four months. The number of unemployed persons fell for the first time this year while employment rose slightly.
Wednesday December 09 2015
Brazil Inflation Rate Hits Double Digits  
Consumer prices in Brazil went up 10.48 percent year-on-year in November of 2015, the biggest rise since November of 2003 when the inflation hit 11.02 percent. The country is struggling with stubbornly high inflation since mid-2014 after the government imposed several tax increases aiming at balancing overall budget while the real fell around 46 percent to the USD in the first eleven months of the year.
Tuesday December 01 2015
Brazil Trade Surplus Narrows to 6-Month Low  
Brazil reported a USD 1.2 billion trade surplus in November of 2015, the lowest since April and below market expectations of a USD 1.3 billion surplus. In November last year, the country recorded a USD 2.4 billion trade deficit.
Tuesday December 01 2015
Brazil GDP Contracts for 6th Straight Quarter  
The Brazilian economy shrank 4.5 percent year-on-year in the third quarter of 2015, sixth consecutive contraction and the worse since modern records began in 1996.
Tuesday December 01 2015
Brazilian Economy Contracts 1.7%  
The GDP in Brazil shrank 1.7 percent on quarter in the three months to September of 2015, worse than market expectations. It is the third contraction in a row as investment shrank for the ninth straight quarter and household spending posted the third consecutive fall.
Wednesday November 25 2015
Brazil Leaves SELIC Rate Steady at 14.25%  
The Central Bank of Brazil kept its key interest rate on hold for the third consecutive meeting at 14.25 percent on November 25th, the highest in nine years, as policymakers struggle to curb rising inflation amid economic contraction. The decision was not unanimous, as two of eight Copom members voted to raise SELIC to 14.75 percent while the rest voted for the rate to remain steady, an indication that the bank may start raising it in January.
Thursday November 19 2015
Brazil Unemployment Rate Up to 7.9%  
The jobless rate in Brazil rose to 7.9 percent in October of 2015 from 7.6 percent in the previous two months, reaching the highest since August of 2009. Unemployment increased, employment fell and the labour force touched the lowest in nearly 13 years.
Friday November 06 2015
Brazil Inflation Rate Accelerates to 12-Year High  
Consumer prices in Brazil went up 9.93 percent year-on-year in October of 2015, the highest since November of 2003. The inflation rate accelerated again after slowing marginally in the previous two months, staying further away from the 6.5 percent upper limit of the central bank's target range.
Tuesday November 03 2015
Brazil Trade Surplus Beats Expectations  
Brazil reported a USD 1.996 billion trade surplus in October of 2015, compared to a USD 1.1 billion gap reported a year earlier, higher than market forecasts. It is the eight straight month of surplus as imports fell more than exports.
Thursday October 22 2015
Brazil Unemployment Rate Below Expectations  
The jobless rate in Brazil was recorded at 7.6 percent in September, the same as in August. Unemployment paused its upward trend for the first time in 11 months but remained at its highest level since March of 2010.
Wednesday October 21 2015
Brazil Leaves Key Rate Steady at 14.25%  
Brazilian central bank left the benchmark Selic rate unchanged at 14.25 percent at its October 2015 meeting, saying keeping rates at current level for a sufficiently prolonged period is necessary to bring inflation back to target. The decision came in line with market expectations.
Wednesday October 07 2015
Brazil Inflation Rate Slows Slightly to 3-Month Low  
Annual inflation rate in Brazil eased to 9.49 percent in September of 2015 from 9.53 percent in August and the lowest in three months, matching market expectations.
Thursday October 01 2015
Brazil Trade Surplus at 3-Month High  
Brazil recorded a USD 2.94 billion trade surplus in September of 2015, compared to a USD 0.94 billion gap a year earlier. It is the seventh straight surplus and the highest since June, above market expectations.
Thursday September 24 2015
Brazil Unemployment Rate Highest Since March 2010  
The jobless rate in Brazil increased to 7.6 percent in August of 2015 from 7.5 percent in the previous month, breaking a fresh five-year high. It was the eight consecutive increase, still slightly below market expectations.
Thursday September 10 2015
Brazil Inflation Rate Eases Slightly in August  
Consumer prices in Brazil increased 9.53 percent year-on-year in August of 2015, slowing slightly from a 9.56 percent rise in July. The monthly inflation rate eased for the second straight month to 0.22 percent, the lowest since July of 2014.
Thursday September 03 2015
Brazil Holds SELIC Rate at 14.25% in September  
The Central Bank of Brazil kept its key interest rate unchanged on September 2nd, after seven consecutive hikes in an attempt to curb rising inflation. The SELIC rate remained at its highest level in nine years, as policymakers struggle to prevent consumer prices growth amid economic contraction.
Wednesday September 02 2015
Brazil Trade Surplus Widens in August  
Brazil posted a USD 2.69 billion trade surplus in August of 2015, up from last year’s USD 1.17 billion surplus but below market expectations, as exports fell at a slower pace than imports.
Friday August 28 2015
Brazil GDP Shrinks 2.6% YoY in Q2  
The Brazilian economy contracted 2.6 percent year-on-year in the second quarter of 2015. It is the fifth straight period of contraction due to a slump in domestic consumption and investment.
Friday August 28 2015
Brazil’s Recession Deepens in Q2  
The Brazilian economy shrank 1.9 percent on quarter in the three months to June, much worse than market expectations and following a downwardly revised 0.7 percent contraction in the first quarter. It is the worst performance since the last quarter of 2008, as a rise in exports was not able to offset a slump in private consumption and investment.
Thursday August 20 2015
Brazil Unemployment Rate at 5-Year High  
The jobless rate in Brazil increased for the seventh straight month to 7.5 percent in July of 2015 from 6.9 percent in June, well above market expectations. It is the highest value since May of 2010 and the biggest for a July month since 2009.
Friday August 07 2015
Brazil's Annual Inflation Rate Highest Since November 2003  
Consumer prices in Brazil increased 9.56 percent year-on-year in July of 2015. It is the fifth consecutive month with inflation rate above 8 percent.
Thursday July 30 2015
Brazil Raises SELIC Rate to 14.25%  
The Central Bank of Brazil increased its key interest rate by 50bps to 14.25 percent on July 29th, the highest level since October 2006. It was the seventh consecutive hike as the country struggles to deal with the persistent rise in consumer prices.
Thursday July 23 2015
Brazil Unemployment Rate Keeps Rising  
The jobless rate in Brazil increased for the sixth consecutive month to 6.9 percent in June of 2015 from 6.7 percent in May, matching market expectations and reaching the highest value since July of 2010.
Wednesday July 08 2015
Brazil Inflation Rate Keeps Rising  
Consumer prices in Brazil increased 8.89 percent year-on-year in June of 2015. The inflation rate accelerated for the sixth straight month to a new 11-1/2-year high.
Thursday July 02 2015
Brazil Trade Surplus at 4-1/2-Year high  
Brazil posted a USD 4.53 billion trade surplus in June of 2015 compared with a USD 2.35 billion surplus a year earlier. It is the highest surplus since December of 2010, as exports fell at a slower pace than imports.
Thursday June 25 2015
Brazil Unemployment Rate at Nearly 5-Year High  
The jobless rate in Brazil increased for the fifth straight month to 6.70 percent in May of 2015 from 6.40 percent in April, above market forecasts. It is the highest rate since August of 2010.
Wednesday June 10 2015
Brazil Inflation Rate at 11-1/2-Year High  
Consumer prices in Brazil increased 8.47 percent year-on-year in May of 2015. The inflation rate accelerated for the fifth straight month, reaching the highest value since December of 2003.
Thursday June 04 2015
Brazil Hikes SELIC Rate to 13.75%  
The Central Bank of Brazil raised its key interest rate by 50bps to 13.75 percent on June 3rd, the highest level since December 2008. It is the sixth straight hike as policymakers voiced concern about growing inflation pressure.
Monday June 01 2015
Brazil Trade Surplus Widens to Nearly 3-Year High in May  
Brazil posted a USD 2.76 billion trade surplus in May of 2015, from last year’s USD 0.71 billion surplus, beating market expectations. It was the highest value since August 2012, as exports fell at a slower pace than imports.
Friday May 29 2015
Brazil's Economy Contracts The Most in 6 Years  
The Brazilian GDP shrank by 1.6 percent year-on-year in the first three months of 2015. It is the fourth consecutive contraction as domestic demand and investments struggle to gain traction.
Friday May 29 2015
Brazil GDP Shrinks 0.2% in Q1  
The Brazilian economy contracted 0.2 percent on quarter in the first three months of 2015, less than market forecasts but down from a 0.3 percent expansion in the previous period. Gains in exports were not enough to offset a decline in domestic demand and investments.
Thursday May 21 2015
Brazil Unemployment Rate Up to 4-Year High  
Brazilian jobless rate increased for the fourth month in a row to 6.4 percent in April from 6.2 percent in March. It is the highest rate since May of 2011 when it was recorded at 6.4 percent as unemployment rose more than employment.
Friday May 08 2015
Brazil Inflation Rate Edges Up in April  
Consumer prices in Brazil increased 8.17 percent year-on-year in April of 2015, following a 8.13 percent rise in the previous month. It is the fourth consecutive month the inflation stays well above central bank's upper-limit target of 6.5 percent.
Tuesday May 05 2015
Brazil Trade Surplus Narrows Slightly in April  
Brazil posted a USD 491 million trade surplus in April of 2015, down 2.94 percent from last year’s USD 505.9 million surplus, but better than market forecasts.
Monday May 11 2015
Brazil Raises Interest Rate to 6-Year High  
Brazil increased its key interest rate by 50bps to 13.25 percent on April 29th. It is the fifth consecutive hike, bringing the rate to its highest level since 2009.
Tuesday April 28 2015
Brazil Unemployment Rate at 3-Year High  
Brazilian jobless rate increased for the third straight month to 6.2 percent in March of 2015 from 5.9 percent in the previous month. It is the highest rate since March of 2012.
Wednesday April 08 2015
Brazil Inflation Rate At 12-Year High  
Consumer prices in Brazil rose 8.13 percent year-on-year in March of 2015, up from 7.7 percent in February, as energy cost surged after the government introduced higher taxes and fees. It is the highest rate since December of 2003 when it reached 9.3 percent.
Thursday April 02 2015
Brazil Posts Trade Surplus in March  
Brazil recorded a USD 0.458 billion trade surplus in March of 2015 from a USD 2.84 billion deficit in February. It is the first surplus in three months, beating market forecasts for a trade deficit.
Friday March 27 2015
Brazil's Economic Growth Surprises in Q4  
Brazilian GDP expanded 0.3 percent on quarter in the three months to December of 2014 compared to upwardly revised 0.2 percent growth in the previous period. Better than expected expansion was driven by consumer spending while investment, government expenditure and exports declined.
Friday March 27 2015
Brazil's Economy Shrinks Less Than Expected  
Brazilian economy contracted 0.2 percent year-on-year in the last three months of 2014, following a downwardly revised 0.6 percent drop in the previous quarter as a rise in consumer spending was not enough to offset a decline in investment and government spending
Thursday March 26 2015
Brazil Unemployment Rate Highest Since June 2013  
Jobless rate in Brazil increased to 5.9 percent in February of 2015 from 5.3 percent in the previous month as the number of unemployed surged 10.2 percent and the number of employed decreased.
Friday March 06 2015
Brazil’s Inflation at Nearly 10-year High  
Brazil’s consumer prices accelerated more than expected to 7.7 percent in February of 2015, the highest level since May of 2005 when inflation reached 8.05 percent. The number came well above the 6.5 percent ceiling of the central bank’s target range.
Thursday March 05 2015
Brazil Hikes Key Interest Rate to 12.75%  
Brazil’s central bank raised the Selic rate to a six-year high of 12.75 percent on March 4th. The decision was widely expected in a wake of stubbornly high inflation.
Tuesday March 03 2015
Brazil Trade Deficit Widens in February  
Brazilian trade gap increased to USD 2.84 billion in February of 2015 from a USD 2.12 billion shortfall a year earlier. It is the second consecutive monthly deficit and the second highest in thirteen months.
Thursday February 26 2015
Brazil Unemployment Rate at 1-1/2-Year High  
Brazilian jobless rate increased to 5.3 percent in January of 2015 from 4.3 percent in the previous month. It is the highest figure since September of 2013 as employment fell for the second straight month while unemployment increased.
Friday February 06 2015
Brazil Inflation Rate at 3-1/2-Year High  
Brazil annual inflation rate increased to 7.14 percent in January of 2015 from 6.41 percent in the previous month. It is the highest figure since September of 2011, well above the central bank’s target.
Tuesday February 03 2015
Brazil Trade Deficit Narrows 21.8% in January  
Brazil trade gap decreased to USD 3.17 billion in the first month of 2015, from a USD 4.06 billion shortfall registered in January of 2014 as imports decreased slightly more than exports.
Thursday January 29 2015
Brazil Unemployment Rate Falls to 12-Month Low  
Brazilian jobless rate decreased to 4.3 percent in December of 2014 from 4.8 percent in the previous month, below market expectations. Yet, employment decreased 0.7 percent and 300 thousand persons were detached from the labour force.
Wednesday January 21 2015
Brazil Raises SELIC Rate to 12.25%  
Brazil increased its key interest rate by 50bps to 12.25% on January 21st. It is the third consecutive hike, aiming to curb stubbornly high inflation and bringing the rate to its highest level since mid-2011.
Friday January 09 2015
Brazil's Inflation Meets Target in December  
Brazil's annual inflation rate declined to 6.41 percent in December of 2014 from 6.56 percent in the previous month, coming back to the central bank’s target range for the first time in five months.
Tuesday January 06 2015
Brazil Reports Trade Deficit in 2014, First Since 2000  
Brazil registered a USD 3.93 billion trade gap in 2014, the biggest annual deficit since 1998 as exports declined more than imports.
Friday December 19 2014
Brazil Unemployment Rate Rises in November  
Brazilian jobless rate increased to 4.8 percent in November of 2014 from 4.7 percent in the previous month. It is the first rise in three months as more people were attached to the labour force.
Friday December 05 2014
Brazil Inflation Rate Edges Down  
Brazilian annual consumer prices marginally slowed to 6.56 percent in November of 2014 from 6.59 percent in the previous month, but stayed above the official target range for the fourth consecutive month.
Thursday December 04 2014
Brazil Raises SELIC Rate to 11.75%  
The Central Bank of Brazil decided to raise the benchmark interest rate by half a point to 11.75 percent on December 3rd amid high inflation, low economic growth and falling currency.
Tuesday December 02 2014
Brazil Trade Deficit at 10-Month High  
Brazilian trade gap widened to USD 2.35 billion in November of 2014 as exports dipped to the lowest value since February of 2013. It is the third consecutive monthly deficit and the worst in 20 years for the month of November .
Friday November 28 2014
Brazil GDP Contracts Again in Q3  
The Brazilian economy contracted 0.2 percent year-on-year in the third quarter of 2014, following a 0.9 percent drop in the previous period. A rise in government spending and exports was not enough to offset a drop in investment and slowing consumption.
Friday November 28 2014
Brazil Avoids Recession in Q3  
The Brazilian economy expanded 0.1 percent on quarter in the three months to September of 2014, pulling out from a first-half contraction, supported by increase in public spending and investment.
Wednesday November 19 2014
Brazil Unemployment Rate Keeps Falling  
Brazilian jobless rate decreased for the second consecutive month to 4.7 percent in October of 2014 from 4.9 percent in September, as more people found a job. It is the lowest rate in ten months.
Friday November 07 2014
Brazil Inflation Rate Slows in October  
Brazilian annual inflation rate slowed slightly to 6.59 percent in October of 2014 from 6.75 percent in September. On a monthly basis, consumer prices decelerated for the first time in three months.
Tuesday November 04 2014
Brazil Trade Deficit Widens in October  
Brazilian trade gap increased to USD 1.18 billion in October of 2014 from a USD 0.22 billion shortfall a year earlier, as lower prices for key exports keep dragging sales down.
Wednesday October 29 2014
Brazil Raises Selic Rate to 11.25%  
The Central Bank of Brazil decided to raise the benchmark interest rate by 25 bps to 11.25 percent on October 29th. It is the fourth rate hike in 2014 aiming to curb stubbornly high inflation.
Monday October 27 2014
Rousseff to Rule Brazil For More 4 Years  
On Sunday, President Dilma Rousseff was re-elected with the smallest margin victory since 1994. She won 54.5 million votes (51.6 percent) as compared to 51 million votes her opponent Aécio Neves received. In her thank you speech, the President made clear that is willing to start a dialogue and bring the country together.
Thursday October 23 2014
Brazil Unemployment Rate Falls in September  
Brazilian jobless rate decreased to 4.9 percent in September of 2014 from 5 percent in August, below market expectations. Although it is the lowest rate for a September month ever, the economic active population decreased.
Wednesday October 08 2014
Brazil Inflation Rate Up to 3-Year High  
Brazilian annual inflation rate accelerated to 6.75 percent in September of 2014 from 6.51 percent in August. It is the highest rate since October of 2011, mainly driven by a rise in meat prices.
Thursday October 09 2014
Brazil May be Braced for a New Leader  
The first round of Brazilian presidential elections was held on October 5th and no candidate got more than 50 percent of the votes. As a result, Dilma Rousseff - the current President and Aecio Neves – the leader of center right party will face up on October 26th for the second round. As Brazil’s growth wanes, the elections are dominated by economic agenda which include: tax reforms, foreign trade, inflation and central banks’ independence.
Tuesday October 07 2014
Who is Aecio Neves?  
In the first round of Brazil's presidential election, current President Dilma Rousseff emerged as the front-runner with 41.4 percent of the vote. Yet, the second place surprised many as Aecio Neves - a senator from the state of Minas Gerais, ousted Marina Silva - an environmental leader, with 33.7 percent of the vote.
Wednesday October 01 2014
Brazil Posts Trade Deficit in September  
Brazilian trade balance swung into a USD 939 million gap in September of 2014, compared with a USD 2146 million surplus a year earlier. It is the first shortfall in seven months, as exports contracted for the second month in a row.
Thursday September 25 2014
Brazil Unemployment Rate at 5% in August  
Brazilian jobless rate edged up slightly to 5 percent in August from 4.9 percent in July. Yet, it is the lowest rate for an August month ever.
Friday September 05 2014
Brazil Inflation Rate Steady in August  
Brazilian annual inflation rate came in at 6.51 percent in August, marginally unchanged from 6.5 percent in July. Yet, monthly inflation accelerated for the first time in five months due to a rise in transport cost.
Wednesday September 03 2014
Brazil Leaves Monetary Policy Unchanged  
At its September meeting, Central Bank of Brazil decided to leave its key selic rate steady at 11 percent as widely expected.
Tuesday September 02 2014
Brazil Trade Surplus Almost Unchanged in August  
Brazilian trade surplus narrowed slightly by 4.4 percent year-on-year to USD 1.17 billion in August of 2014, as exports fell at the same pace than imports.
Friday August 29 2014
Brazil GDP Contracts 0.9% YoY in Q2  
Brazilian economy contracted 0.9 percent year-on-year in the second quarter of 2014, down from a revised 1.9 percent expansion in the first three months of the year. A sharp drop in manufacturing and construction output accounted the most for the contraction as activity slowed in many factories during the World Cup 2014.
Friday August 29 2014
Brazilian Economy Slides Into Recession  
Brazilian GDP contracted a seasonally adjusted 0.6 percent in the second quarter of 2014, hurt by a fall in investment and government expenditure. Growth figures for the first three months of the year were revised to show a 0.2 percent fall instead of a 0.2 percent expansion.
Wednesday August 20 2014
Brazil Cuts Reserve Requirement to Boost Credit  
Brazil’s central bank decided on August 20th to cut reserve requirements on term deposits, aiming to increase lending to the economy.
Friday August 08 2014
Brazil Inflation Rate Eases Slightly in July  
The annual consumer prices in Brazil edged down to 6.5 percent in July of 2014, from 6.52 percent recorded in June, mostly driven by lower transport prices.
Monday August 04 2014
Brazilian Economy Fails to Recover  
After expanding meager 0.2 percent in the first quarter of 2014, the Brazilian economy is likely to contract from April to June. While high inflation and interest rate keep on constraining household consumption, strong rise in production costs hampers investments.
Monday August 04 2014
Brazil Trade Surplus Narrows in July  
Brazil posted a trade surplus of $1.575 billion in July, down from $2.364 billion reported a month earlier but above market estimates.
Saturday July 26 2014
Brazil Increases Credit Supply  
Brazil’s central bank announced a series of liquidity and credit boosting measures on July 25th that would inject nearly BRL30 billion (USD13.63 billion) into the economy.
Thursday July 17 2014
Brazil Holds Rate at 11%  
At its July meeting, Central Bank of Brazil decided to leave its key selic rate on hold at 11 percent, amid weak growth and after inflation hit the upper limit target range.
Tuesday July 08 2014
Brazil Inflation Up to 6.52% in June  
Brazilian annual inflation rate accelerated further to 6.52 percent in June, up from 6.37 percent in May. However, on a monthly basis, consumer prices rose 0.4 percent, the lowest rate in nine months.
Wednesday July 02 2014
Brazil Trade Surplus Widens Sharply in June  
Brazilian trade surplus increased to USD 2.36 billion in June of 2014 from USD 0.71 billion in the previous month. It is the fourth consecutive monthly surplus, as exports rose and imports fell.
Friday June 06 2014
Brazil Inflation Rate Accelerates in May  
Brazilian annual consumer prices increased for the fourth consecutive month to 6.37 percent in May from 6.28 percent in April. It is the highest rate in eleven months.
Tuesday June 03 2014
Brazil Trade Surplus Widens in May  
Brazilian trade surplus increased 40.7 percent to USD 712 million in May of 2014 from USD 506 million in the previous month. It is the country’s third consecutive monthly surplus, boosted by higher exports.
Friday May 30 2014
Brazil Economy Advances 0.2% QoQ in Q1  
In the first quarter of 2014, Brazilian economy expanded 0.2 percent on a quarter-on-quarter seasonally adjusted basis, slowing from a revised 0.4 percent expansion in the previous period. Growth was flooded by government spending while household consumption, investment and exports fell.
Friday May 30 2014
Brazil GDP Growth Slows in Q1  
Brazilian economy expanded 1.9 percent year-on-year in the first three months of 2014, down from an upwardly revised 2.2 increase in the previous quarter, as higher government spending offset a drop in investment.
Thursday May 29 2014
Brazil Leaves Monetary Policy Unchanged  
At its two-day meeting ended on May 28th, 2014, the Central Bank of Brazil decided to leave the Selic rate on hold at 11 percent following last month’s hike, as the pace of price increases is slowing and the economy remains fragile.
Thursday May 22 2014
Brazil Unemployment Edges Down to 4.9%  
Brazilian jobless rate fell slightly for the second consecutive month to 4.9 percent in April of 2014 from 5 percent in March, as more people dropped out from the labor force.
Friday May 09 2014
Brazil Inflation Rate Rises to 6.3% in April  
Brazilian annual consumer prices increased 6.3 percent in April from 6.15 percent in the previous month, the highest level in ten months.
Friday May 02 2014
Brazil Posts Trade Surplus in April  
In April of 2014, Brazilian trade balance turned into a USD 506 million surplus, up from a USD 111.8 million surplus in the previous month and more than double what the market expected.
Thursday April 17 2014
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Wednesday April 09 2014
Brazil Inflation Rate Up to 8-Month High  
In March of 2014, Brazilian annual consumer prices accelerated to 6.15 percent from 5.68 percent in the previous month. On a monthly basis, prices rose 0.92 percent as a severe drought raised food cost.
Thursday April 03 2014
Brazil Raises Selic Rate to 11%  
At its April 2nd, 2014 meeting, the Central Bank of Brazil raised the benchmark interest rate by 25 bps to 11 percent, as widely expected, after a surge in food prices.
Tuesday April 01 2014
Brazil Posts Trade Surplus in March  
Brazilian trade balance turned into a USD 112 million surplus in March of 2014, following two straight monthly deficits, but still it was the lowest surplus for any March month in the last thirteen years.
Thursday March 27 2014
Brazil Unemployment Rate Up to 4-Month High  
In February of 2014, Brazilian jobless rate rose for the second straight month to 5.1 percent, up from 4.8 percent in the previous month. Despite the rise, it is the lowest-ever rate for any February month and compares with 5.6 percent a year earlier.
Wednesday March 12 2014
Brazil Inflation Rate Rises Above Forecasts  
In February of 2014, Brazilian annual inflation rate accelerated to 5.68 percent from 5.59 percent in the previous month. On a monthly basis, prices rose to 0.69 percent due to higher housing rents and school fees.
Thursday March 06 2014
Brazil Posts Trade Deficit for 2nd Straight Month  
In February of 2014, Brazilian trade balance turned into a USD 2.125 billion deficit, down from a USD 4.06 billion gap reported in the previous month but up 66 percent from February of 2013.
Thursday February 27 2014
Brazil Returns to Growth in Q4  
In the fourth quarter of 2013, Brazilian GDP advanced 0.7 percent on a quarter-on-quarter seasonally adjusted basis, recovering from a 0.5 percent contraction in the previous period, boosted by the services sector.
Thursday February 27 2014
Brazil GDP Growth Beats Expectations in Q4  
In the last three months of 2013, Brazilian economy advanced 1.9 percent over a year earlier, beating market expectations, but slowing from a 2.2 percent expansion in the previous quarter. Recession fears were allayed as the economy advanced 0.7 percent on a quarter basis.
Thursday February 27 2014
Brazil Raises Interest Rate to 10.75%  
At its February 26th, 2014 meeting, Central Bank of Brazil decided to raise the benchmark interest rate for the second straight time by 25 bps to 10.75 percent, as widely expected.
Thursday February 20 2014
Brazil Unemployment Rate Rises in January  
In January of 2014, Brazilian jobless rate rose for the first time in four months to 4.8 percent, up from a record low of 4.3 percent in December. A year earlier, the unemployment rate was recorded at 5.4 percent.
Friday February 07 2014
Brazil Inflation Rate Slows to 14-Month Low  
In January of 2014, Brazil’s annual inflation rate slowed to 5.59 percent, the lowest rate since November of 2011. On a monthly basis, inflation decelerated to 0.55 percent, mainly due to lower transport prices. Since the beginning of 2014, the CPI includes two new regions, Vitória and Campo Grande.
Tuesday February 04 2014
Brazil Posts Record Trade Deficit in January  
In January of 2014, Brazilian trade balance turned into a deficit of USD 4.06 billion, the highest trade deficit on record, as higher exports of raw materials were not enough to offset imports of consumer and capital goods.
Thursday January 30 2014
Brazil’s Unemployment Rate Drops to New Record Low in December  
In December of 2013, Brazilian jobless rate fell to 4.3 percent, the lowest rate on record. In 2013, the average unemployment rate was recorded at 5.4 percent, lower than 5.5 percent in the previous year and 12.4 percent ten years ago.
Thursday January 16 2014
Brazil Raises Selic Rate to 10.5%  
The Monetary Policy Committee of the Central Bank of Brazil decided on January 15th to raise the benchmark interest rate by a larger-than-expected 50 bps to 10.5 percent. It is the seventh straight rate hike aimed at curbing inflation.
Friday January 10 2014
Brazil Inflation Rate Accelerates in December  
In December of 2013, Brazilian annual inflation rate rose 5.91 percent, up from 5.77 percent in November and 5.84 percent a year earlier. While food prices slowed, transport and health prices accelerated the most on the year.
Thursday January 02 2014
Brazil 2013 Trade Surplus the Lowest Since 2001  
Brazil posted a trade surplus of USD 2.56 billion in 2013, a sharp fall from the USD 19.4 billion surplus recorded in 2012. For the year, imports rose 6.5 percent to $240 billion, and exports dropped 1 percent to $242 billion.
Thursday December 19 2013
Brazil Unemployment Rate Falls to Record Low in November  
In November of 2013, Brazilian jobless rate fell to 4.6 percent, down from 5.2 percent last month and 4.9 percent a year earlier. Brazil last reported 4.6 percent unemployment in December of 2012.
Friday December 06 2013
Brazil Inflation Rate at 11-Month Low in November  
In November of 2013, Brazilian annual inflation rate slowed for the fifth straight month to 5.77 percent, from 5.84 percent a month earlier, due to lower food prices. On a monthly basis, prices decelerated to 0.54 percent, slightly down from 0.57 percent in October.
Wednesday December 04 2013
Brazilian Economy Shrinks 0.5% QoQ in Q3  
In the third quarter of 2013, Brazil’s GDP contracted a seasonally adjusted 0.5 percent quarter-on-quarter, first decline in two years. An increase in government and household spending was not enough to offset a drop in exports and investment.
Tuesday December 03 2013
Brazilian GDP Grows Below Expectations in Q3  
In the third quarter of 2013, Brazil’s GDP growth slowed to a weaker-than-expected 2.2 percent year-on-year, after expanding 3.3 percent in the previous three-month period. A surge in government spending was not enough to offset a slowdown in exports and investment.
Tuesday December 03 2013
Brazil Posts Trade Surplus in November  
In November of 2013, Brazilian trade balance turned into USD 1.74 billion surplus, compared with a USD 224 million deficit in the previous month and a USD 193.6 million deficit a year ago, mainly due to a drop in oil imports.
Wednesday November 27 2013
Central Bank of Brazil Raises Selic Rate to 10%  
The Monetary Police Committee of the Central Bank of Brazil decided on November 27th to raise the benchmark interest rate by 50 bps to 10 percent, as widely expected. Borrowing costs came to double-digit as a weaker currency and widening budget deficit were lifting inflation pressures.
Thursday November 21 2013
Brazil's Unemployment Rate at 10-Month Low in October  
In October of 2013, Brazilian jobless rate decreased to 5.2 percent, from 5.4 percent in the previous month and reached the lowest rate since December last year.
Thursday November 07 2013
Brazilian Inflation Rate Steady at 5.84% in October  
In October of 2013, Brazil’s annual inflation rate reached 5.84 percent, nearly unchanged from 5.86 percent recorded in the previous month. On a monthly basis, however, prices accelerated 0.57 percent, the highest rate in eight months, boosted by rising food cost.
Friday November 01 2013
Brazil Posts Trade Deficit in October on Record Imports  
In October of 2013, Brazilian trade balance turned into a deficit of 224 million USD, as imports rose to its highest value ever. The result was well below market expectations, as Brazil had posted trade surpluses in the previous two months.
Thursday October 24 2013
Brazil’s Unemployment Rate Up to 5.4% in September  
In September of 2013, Brazilian jobless rate increased to 5.4 percent, after declining in the previous two months.
Thursday October 10 2013
Brazil Raises Selic Rate For 5th Time This Year  
In a unanimous vote, the Monetary Policy Committee decided on October 9th to raise the benchmark interest rate by 50 bps to 9.5 percent, aiming to fight high inflation.
Wednesday October 09 2013
Brazilian Inflation Rate Down to 9-Month Low in September  
In September of 2013, Brazil’s annual inflation rate eased for the third month in a row to 5.86 percent, the lowest rate since December last year.
Tuesday October 01 2013
Brazilian Trade Surplus Widens in September Over August  
In September of 2013, Brazil’s trade surplus increased to 2.15 billion USD, from 1.23 billion USD in August, mainly due to a 6.6 percent drop in imports. It is the second highest trade surplus this year.
Thursday September 26 2013
Brazil Unemployment Rate Falls to 5.3% in August  
In August of 2013, Brazilian jobless rate dropped for the second consecutive month to 5.3 percent, from 5.6 percent in July and unchanged from last year's figure.
Friday September 06 2013
Brazilian Inflation Rate Slows to 6.09% in August  
In August of 2013, Brazil’s annual inflation rate eased for the second consecutive month to 6.09 percent, from 6.27 percent recorded in July.
Tuesday September 03 2013
Brazilian Trade Surplus Narrows in August  
In August of 2013, Brazil’s trade surplus decreased to 1.22 billion USD, from a 3.2 billion USD surplus a year earlier, due to a slowdown in exports.
Friday August 30 2013
Brazilian GDP Growth Accelerates to 1.5% QoQ in Q2  
In the second quarter of 2013, Brazilian GDP accelerated to its fastest pace in three years. The economy expanded a seasonally adjusted 1.5 percent over the previous quarter, boosted by higher exports and agricultural production.
Friday August 30 2013
Brazilian Economy Expands 3.3% YoY in Q2  
In the second quarter of 2013, Brazilian GDP grew at its fastest pace in two years, beating market expectations. The economy expanded 3.3 percent year-on-year, from 1.9 percent in the previous three-month period, boosted by higher investment and agricultural production.
Thursday August 29 2013
Central Bank of Brazil Raises Selic Rate to 9%  
Central Bank of Brazil decided on August 28th to raise the benchmark interest rate by 50 bps to 9 percent, aiming to fight high inflation.
Thursday August 22 2013
Brazil Unemployment Rate Down to 5-Month Low in July  
In July of 2013, Brazilian jobless rate reached 5.6 percent, down from 6 percent recorded in June, but up from 5.4 percent in the same month last year, the Brazilian Institute of Geography and Statistics reported on August 22nd.
Wednesday August 07 2013
Brazil Inflation Rate Declines to 6.27% in July  
Brazil's benchmark IPCA consumer price index rose 6.27 percent in 12 months through July, down from a 20-month high of 6.70 percent in June.
Thursday August 01 2013
Brazil Posts Trade Deficit in July As Imports Rise  
In July of 2013, Brazil’s trade balance turned into a deficit of 1.9 billion USD, from a 2.3 billion USD surplus in June and 2.9 billion USD surplus a year earlier, as exports shrank and imports surged 25 percent year-on-year.
Wednesday July 24 2013
Brazil Unemployment Rate Up to 6% in June  
In June of 2013, Brazilian jobless rate reached 6 percent, up from 5.8 percent recorded in May and 5.9 percent in the same month last year, the Brazilian Institute of Geography and Statistics reported on July 24th.
Thursday July 11 2013
Central Bank of Brazil Raises SELIC Rate to 8.5%  
In its July 10 meeting, the Bank of Brazil's monetary policy committee raised its benchmark interest rate to 8.50 percent from 8 percent, maintaining the pace of monetary tightening to fight above-target inflation. The decision by the bank's committee was unanimous.
Friday July 05 2013
Brazilian Inflation Rate at 20-Month High in June  
In June of 2013, Brazilian annual inflation rate accelerated to 6.7 percent, from 6.5 percent in May, the highest rate since October of 2011, due to higher food prices.
Monday July 01 2013
Brazilian Trade Surplus Widens as Exports Surge in June  
In June, Brazil's trade surplus more than doubled to $2.39 billion from $0.8 billion in June of 2012. Exports rose 9.7 percent year-on-year, mainly driven by sales of manufactured goods, while imports increased 1.5 percent.
Thursday June 20 2013
Brazil Unemployment Rate Stable at 5.8% in May  
In May, Brazilian jobless rate was estimated at 5.8 percent, unchanged from April 2013 and May 2012, the Brazilian Institute of Geography and Statistics reported on June 20th.
Friday June 07 2013
Brazilian Annual Inflation Up To 6.5% In May  
Brazil´s inflation rate rose slightly to 6.50 percent in May, from 6.49 percent registered in the previous month and hit the Central Bank´s inflation target limit.
Tuesday June 04 2013
Brazil Reports Lowest May Trade Surplus In 11 Years  
In May of 2013, Brazil posted a trade surplus of 760 million USD, down from 2.9 billion USD a year ago. Exports dropped on the back of lower commodity prices and imports increased.
Sunday June 02 2013
Brazil's Central Bank Raises Selic Rate To 8%  
The Monetary Policy Committee (Copom) of The Central Bank of Brazil unanimously decided on May 29th to increase the benchmark Selic rate by 50pp to 8 percent, stepping up the pace of monetary tightening in an effort to curb the inflationary trend.
Friday August 16 2013
Brazil's Economy Struggles to Pick Up Pace  
Recent data updates point to further deceleration of Brazilian economic growth. While consumption remains weak due to recent rise in inflation, global slowdown and a drop in prices of commodities have been hurting exports.
Wednesday May 29 2013
Brazil Economy Grows 0.6% QoQ In Q1  
In the first quarter of 2013, Brazil GDP expanded 0.6 percent qoq, below market expectations. While agriculture grew 9.7 percent, services increased 0.5 percent and industry contracted 0.3 percent.
Wednesday May 29 2013
Brazil Economic Growth Disappoints in Q1  
In the first three months of 2013, Brazilian GDP grew only 1.9 percent yoy. While industry contracted, expansion was boosted by strong activity in agriculture and slight increase in services.
Thursday May 23 2013
Brazil´s Unemployment Rate Rises To 5.8% In April  
In April 2013, the unemployment rate was estimated in 5.8% for the group of the six metropolitan areas surveyed. Statistically, there was stability both in relation to March (5.7%) and to April last year (6.0%).
Wednesday May 08 2013
Brazil Annual Inflation Down To 6.49% In April  
In Brazil, the inflation rate slowed slightly to 6.49 percent in April, after surpassing the 6.5 percent ceiling of the official target range in the previous month.
Tuesday May 07 2013
Brazil Posts Trade Deficit In April  
Brazil registered a trade deficit of $994 million in April of 2013.
Thursday April 25 2013
Brazil's Unemployment Rate Up To 5.7% In March  
The unemployment rate was estimated at 5.7%, the lowest rate for March since the beginning of the series (March 2002), and it did not change in relation to the results of February (5.6%). In comparison to March 2012 (6.2%), the rate contracted 0.5 percentage points.
Tuesday May 07 2013
Copom Raises The Selic Rate to 7.50%  
On April 17th, the Monetary Policy Committee (Copom) increased the benchmark Selic rate by 25pp to 7.50, ending a cycle of monetary easing that was initiated in August 2011.
Tuesday May 07 2013
Brazil Annual Inflation Up To 6.59% In March  
In the 12 months through March, inflation rose to 6.59 percent, the highest value since November of 2011.
Monday April 01 2013
Brazil Posts Trade Surplus In March  
Brazil posted a trade surplus of $164 million in March of 2013.
Thursday March 28 2013
Brazil´s Unemployment Rate Up To 5.6% In February  
In February 2013, the unemployment rate was estimated at 5.6% for the group of six metropolitan areas surveyed. The rate was considered statistically stable in relation to those of January (5.4%) and of February last year (5.7%).
Friday May 17 2013
Brazil´s Full Recovery Maybe Still Out Of Reach  
Brazil still has many challenges to face in order to restore its full growth potential. Although from October to December of 2012, the GDP expanded 0.6 percent quarter-on-quarter, the strongest growth in eight quarters, it was still below markets expectations. More importantly, recent data updates are showing further deterioration of economic condition.
Friday March 08 2013
BRAZIL ANNUAL INFLATION UP TO 6.31% IN FEBRUARY  
In the 12 months through February, inflation rose to 6.31 percent, the highest value in more than a year. Education and food and beverages recorded the largest price increases, 5.4 and 1.45 respectively.
Thursday March 07 2013
COPOM MAINTAINS THE SELIC RATE AT 7.25%  
The Monetary Police Committee of the Central Bank of Brazil decided on March 6th to maintain its benchmark interest rate at 7.25 percent, without bias.
Monday March 04 2013
Brazil´s Trade Deficit Narrows In February  
Brazilian trade deficit narrowed to $1.276 billion in February from the $4.036 registered in January of 2013.
Friday March 01 2013
Brazil Economy Grows 1.4% in Q4  
Brazilian GDP expanded 1.4 percent YoY and 0.6 percent QoQ in the fourth quarter of 2012.
Tuesday February 26 2013
Brazil´s Unemployment Rate Up to 5.4 % in January  
After three months of continued decline, Brazil’s jobless rate rose to 5.4 percent in January of 2013.
Monday February 11 2013
Copom Maintains the Selic Rate at 7.25  
The Monetary Policy Committee of Central Bank of Brazil decided on January 17th to maintain its benchmark interest rate at 7.25 percent, without bias.
Friday February 08 2013
Brazil Annual Inflation Up to 6.15% in January  
In the 12 months through January, inflation rose to 6.15 percent, the highest value in a year. Food and personal expenses (in particular cigarettes), recorded the largest increases, 1.9 percent and 1.55 percent respectively.
Monday February 04 2013
Brazil Posts Trade Deficit in January  
Brazil posted a trade deficit of $4.035 billion in January, the biggest deficit on record. The gap was wider than $1.3 billion deficit in January of 2012.
Thursday January 31 2013
Brazil Unemployment Rate Down to 4.6 Percent in December  
The unemployment rate was estimated at 4.6 percent, the lowest in a month of December since the beginning of the series. The rate declined 0.3 percentage points from 4.9 percent in the previous month and 0.1 percentage points from 4.7 percent in December 2011.
Thursday January 03 2013
Brazil Posts Trade Surplus in December  
After an unexpected trade deficit in November 2012, Brazil posted a $2.25 billion surplus in December 2012, according to a report from the Ministry of Foreign Trade.
Friday December 21 2012
Brazil Unemployment Down to 4.9% in November  
Then unemployment rate was estimated at 4.9%, the lowest in a month of November in the beginning of the series (March 2002). The rate declined 0.4 percentage points from 5.3% in the previous month and 0.3 percentage points from 5.2% in November 2011.
Tuesday December 11 2012
Brazil Posts Trade Deficit in November  
Brazil posted an unexpected trade deficit of $186 million in November, the Trade Ministry said on December 3rd.
Tuesday December 11 2012
Brazil's Unemployment Rate Down to 5.3% in October  
Brazil's unemployment rate was estimated at 5.3%, the lowest in a month of October since the beginning of the series (March 2002). It was stable in comparison with the September result (5.4%). In comparison with October 2011 (5.8%), there was decline of 0.5 percentage points.
Tuesday December 11 2012
Brazil Annual Inflation Up to 5.53% in November  
The Extended National Consumer Price Index (IPCA) recorded an annual change of 5.53% in November, above the 5.45% relative to the 12 immediately previous months. Considering the last month the rate was at 0.60%, very close to the 0.59% rate recorded in October.
Tuesday December 11 2012
COPOM Maintains Selic Rate at 7.25%  
The Central Bank of Brazil Monetary Policy Committee (COPOM)unanimously decided to maintain the Selic rate at 7.25 percent on November 28th.
Tuesday December 11 2012
Brazil’s Economy: What is Next?  
Following six consecutive quarters of below-trend growth, Brazil’s economy seems to be slowly recovering. In the fourth quarter of 2012, the output expanded seasonally adjusted 0.6 percent compared to previous quarter and 1.4 percent compared to same quarter a year earlier. But without significant changes in the government policy, the growth may never return to levels seen before 2009.
Tuesday March 06 2012
Brazil GDP Grows 0.4% in Q4  
Brazil GDP at market prices relative to the fourth quarter of last year grew by 0.3%, in the seasonally-adjusted series, compared with the figure in third quarter. Agriculture (0.9%) and services (0.6%) recorded increase, whereas industry (-0.5%) fell.
Tuesday December 06 2011
Brazil Economy Stalls in Q3  
Brazil Economy failed to grow from the previous three months for the first time since the first quarter of 2009, as credit curbs, higher borrowing costs and budget cuts checked demand. The GDP grew 2.1 percent from the same period a year ago.
Tuesday September 06 2011
Brazil GDP Growth Slows in Q2  
Brazil's economy expanded at a softer pace in the second quarter as a strong currency fueled a flood of cheap imports and industrial activity turned sluggish.
Friday June 03 2011
Brazylian Economy Grows 1.3% in Q1  
Brazil's economy expanded 1.3 percent in the first quarter from the previous three-month period, the national statistics agency said.
Thursday March 03 2011
Brazilian Economy Expands 0.7% in Q4  
Brazilian economy expanded slower than expected in the fourth quarter, though the rate of growth accelerated from the previous quarter, latest figures showed Thursday.
Thursday December 09 2010
Brazil's Economic Growth Slows Slightly  
Brazil's economic growth slowed slightly in the third quarter of 2010, as interest rate hikes and expiring tax cuts trimmed the expansion from the torrid pace recorded earlier this year.
Monday September 06 2010
Brazilian Growth Outstrips Forecast  
Brazil’s economy grew at an annualised rate of 8.9 per cent in the first half of 2010, defying expectations of a more significant slowdown in the second quarter and signalling that the country may beat its previous forecast of 7 per cent growth for the year.
Thursday June 10 2010
Brazil's Long Term Growth Prospects Are Shaky  
After last year's 0.2% contraction, in the first quarter of 2010 Brazil's economy expanded 9% stimulated by renewed global demand for exports, expansion of credit and government incentives. Yet, the rapid pace of expansion may also lead to overheating of the economy, which can result in significant rise in consumer prices and endanger the long term development prospect
Tuesday June 08 2010
Brazil's Economy Expanded 9.0% in First Quarter  
Brazil posted record economic growth in the first quarter, but surging domestic demand will likely force central bankers to ramp up interest rates to cool Latin America's largest economy.
Thursday May 13 2010
Brazil's Long Term Growth Prospects Are Shaky  
Last year, in the wake of the worst global economic crisis since the Great Depression, Brazil's GDP growth dropped only by 0.2%. And this year is likely to be even better. Indeed, renewed global demand for Brazil's exports, expansion of credit and government incentives are likely to make the biggest economy in Latin America to grow more than 6%. Yet, the fast pace of expansion may also lead to overheating of the economy, which can result in significant rise in consumer prices and endanger the long term development prospect.
Thursday March 11 2010
Brazil Recovery Gains Momentum  
Brazil's economy continued its robust recovery in the fourth quarter as the country's services and industrial sectors reacted to heated domestic demand.
Thursday December 10 2009
Brazil Economic Recovery Continues But at Slower Pace  
Brazil's economy continued to recover from a brief recession earlier this year, but growth in Latin America's largest economy was less robust than expected.
Monday September 21 2009
Brazilian Economy is Set For Strong Growth in the Next Decade  
In the second quarter of 2009 Brazil economy grew by 1.9% qoq. And although this time an expansion was supported by government spending, at Trading Economics we think that Brazil may keep above average pace of growth for years to come.
Friday September 11 2009
Brazil GDP Rose 1.9% in Q2  
Brazil’s economy emerged from its first recession since 2003 in the second quarter powered by domestic demand.
Tuesday July 14 2009
Brazilian Economy Is Recovering  
Brazil’s gross domestic product declined 1.8 percent annually in the first quarter of 2009, falling into a recession for the first time since 2003. And even though it is expected that Latin America’s biggest economy may experience negative growth this year, it is likely that will contract much less than other countries.
Thursday June 11 2009
Brazilian Economy is Fighting Recession  
Brazil’s gross domestic product declined 1.8 percent annually in the first quarter of 2009, falling into a recession for the first time since 2003. And even though it is expected that Latin America’s biggest economy may experience negative growth this year, it is better prepared to fight the slowdown than many other countries.
Tuesday June 09 2009
Brazil’s Economy Contracts 1.8%  
Brazil’s economy fell into a recession for the first time since 2003 in the first quarter as the global credit crisis led to a record drop in investment and halted demand for Brazilian exports.
Friday May 29 2009
Brazilian Economy Is Recovering  
Brazil’s gross domestic product fell 3.6 percent in the fourth quarter of 2008, the most on record. And even though it is expected that Latin America’s biggest economy shrank in the first three months of 2009, signs of recovery are becoming more visible.
Wednesday March 11 2009
Will Brazilian Economy Avoid a Major Slowdown?  
In the fourth quarter of 2008, Brazil’s gross domestic product fell 3.6 percent, the most on record. Is this a sign that the biggest economy in Latin America fell victim of the global recession or is it just a temporary slowdown?
Tuesday March 10 2009
Brazil Fourth-Quarter GDP Shrank 3.6%  
Brazil’s economy shrank the most on record in the fourth quarter as companies slashed jobs and output in response to the global credit crisis.
Friday February 13 2009
Brazil is Slipping Deeper into Crisis  
So far, Brazil has been weathering the global crisis better than many other countries. However, recent economic data points towards a sharp slowdown in the biggest economy in the Latin America.
Monday December 01 2008
Brazil Trade Surplus Widens in November  
Brazil's trade surplus widened in November as imports fell further than exports on a sharply weaker currency and lower oil prices, the trade ministry said on Monday.
Wednesday November 26 2008
Brazil Inflation Quickens  
Brazil’s annual inflation rate accelerated to the highest in more than three years this month on food costs, topping the upper limit of the central bank’s target band.
Wednesday November 19 2008
Brazil Unemployment Rate Declined to 7.5%  
Brazil's unemployment rate fell to the second-lowest level in seven years in October, national statistics agency said today.
Tuesday November 18 2008
Brazil Maybe The Next Large Economy to Collapse  
Not a long time ago, Brazil was growing at the fastest pace since the 1990's and no one would expect the global economic crisis to have a significant impact in the biggest national economy in Latin America.
Tuesday November 04 2008
Brazilian Trade Surplus Widens in September  
The Brazilian trade surplus reached US$ 3.471 billion in September, a slight reduction of 1.78% over the previous month, but with an expressive reduction of 22.31% in comparison with the same month in 2006.
Thursday October 30 2008
Brazil's Bank Holds Rate  
Brazil's central bank halted six months of interest-rate increases, waiting to see whether the global credit crisis will slow economic growth enough to contain inflation stoked by a slump in the local currency.
Wednesday October 08 2008
Brazil's Inflation Rate Drops to Lowest in a Year  
Brazil's monthly inflation rate dropped in September to the lowest in a year as food prices fell for a second month.
Friday September 26 2008
Brazil's Economy Growth Unexpectedly Quickens to 6.1%  
Brazil's economic growth unexpectedly accelerated in the second quarter. Gross domestic product, the broadest measure of a country's production of goods and services, jumped 6.1 percent from a year earlier.
Friday September 26 2008
Brazil Raises Rate to 13.75%  
Brazil's central bank raised its benchmark interest rate on September 10, to the highest in almost two years in a bid to cool accelerating economic growth that's stoking inflation.
Thursday September 25 2008
Brazil Jobless Rate Falls  
Brazil's unemployment rate fell to the second lowest level since 2001 in August amid a surge in formal employment in Latin America's biggest economy.
Wednesday September 24 2008
Brazil's Inflation Rate Falls to Lowest Since March  
Brazil's mid-month inflation rate fell to the lowest since March, stoking speculation the central bank will slow the pace of interest-rate increases.
Wednesday September 17 2008
Brazil Real Has Biggest Drop in 13 Months  
Brazil's real dropped the most in 13 months on concern the U.S. takeover of insurer American International Group Inc. will fail to stem financial market losses in the world's biggest economy.
Tuesday September 16 2008
Brazil Stocks Fall to 17-Month Low  
Brazilian stocks fell for a second day, sending the Bovespa index to the lowest in 17 months, as credit downgrades at global insurer American International Group Inc. and a slump in commodity prices pulled down banks and steelmakers.
Friday August 29 2008
Brazil's Bovespa Gains  
Brazilian stocks rose for a third day, capping a second week of gains for the first time since May, after the country's biggest phone company approved the payment of extraordinary dividends and plans to expand.
Tuesday August 26 2008
Brazil's Real Weakens for Third Day  
Brazil's real fell for a third day as a slump in agricultural and metals prices raised concern that inflows from exports will continue falling.
Monday August 25 2008
Brazil Stocks Fall, led by Banks  
Brazilian stocks fell the most in two weeks, led by financial companies and metal producers, after bank lending grew at the slowest pace in five months and a decline in iron ore prices raised concern demand for commodities is slowing.
Monday August 25 2008
Brazil’s Economy Expanded 5.8% in Q1  
Brazil’s GDP rose by 5.8% year-on-year in the first quarter of 2008, the Brazilian statistics institute IBGE reported on June 10.
Monday August 25 2008
Brazil Raises Interest Rate to 13%  
Brazil’s central bank raised the core interest rate by 0.75 percentage points on July 23, confirming the bank’s increasing concern over inflation.
Monday August 25 2008
Brazil's Unemployment Rate Rises to 8.1% in July  
The unemployment rate did change significantly compared to the previous month (7.8%), and decreased 1.4 percentage points compared to July 2007 (9.5%).
Sunday August 24 2008
Brazil's Mid-August Inflation Slows for Second Month  
Brazil's inflation through mid- August decelerated to the slowest pace in five months, bolstering confidence that the central bank will bring consumer prices back to target next year.
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