Category: brazil

In September 2023, Brazil’s preliminary inflation measure, the IPCA-15, rose by 0.35%, a slight increase of 0.07 percentage points compared to August’s rate of 0.28%. Year-to-date, the IPCA-15 has accumulated a 3.74% increase, while the 12-month inflation rate stands at 5.00%, surpassing the 4.24% recorded in the previous 12 months. Key Points: Inflation Breakdown: Product-Specific…

In August 2023, Brazil’s national industrial production experienced a 0.4% variation compared to July, according to seasonally adjusted data. Compared to August 2022, there was a 0.5% increase. However, the industry has accumulated a negative rate for the year (-0.3%) and a -0.1% variation over the last 12 months. Key Figures: Three of the four…

In August 2023, Brazil’s Industrial Producer Price Index (IPP) rose by 0.92%, marking a positive shift after six consecutive months of decline. Among the 24 industrial activities surveyed, 12 showed positive price variations. However, the year-to-date cumulative change reached -6.32%, the most significant negative variation for an August since 2014. The 12-month cumulative change stood…

In the quarter ending August 2023, Brazil witnessed a decline in the unemployment rate to 7.8%, marking a 0.5 percentage point decrease from the previous quarter (March to May 2023) and a notable 1.1 point drop from the same period in 2022. This represents the lowest unemployment rate since February 2015. Here are the key…

Brazil’s service volume experienced a 0.2% variation in June compared to May, with a 1.4% growth in May. The sector is 12.1% above the pre-pandemic level of February 2020 but 1.5% below December 2022’s peak. In a non-seasonally adjusted series, compared to June 2022, the service volume grew by 4.1%, marking its 28th consecutive positive…

The National Construction Civil Index (Sinapi) in Brazil marked a 0.23% rise in July, down by 0.16 percentage points from June (0.39%). Over the past 12 months, there was a cumulative increase of 3.52%, which is lower than the 4.82% recorded in the preceding 12 months. The index for July 2022 stood at 1.48%. The…

The prices of goods and services in Brazil saw a modest increase last month, as the country’s inflation rate edged up. The National Consumer Price Index (IPCA), which measures these price changes, rose by 0.12% in July, a bit higher than the previous month’s decrease of -0.08%. But what does this mean for you and…

Brazil’s agricultural sector anticipates a bumper harvest in 2023, with an estimated production of cereals, legumes, and oilseeds reaching 307.3 million tons. This figure represents a substantial increase of 16.8% (or 44.2 million tons) compared to the previous year’s production of 263.2 million tons. Moreover, the forecast for June is 0.6% higher than that of…

Brazilian retail sales declined by 1.0% in May 2023. Seasonally adjusted figures showed a decrease in volume, with negative growth in several sectors. Activities such as textiles, clothing, and footwear, as well as supermarkets and food products, experienced significant drops. However, sectors like pharmaceuticals, books and stationery, and fuel and lubricants saw modest growth. The…

According to the latest data from the Continuous National Household Sample Survey (PNAD Contínua), the unemployment rate in Brazil for the period from March to May 2023 declined by 0.3 percentage points to 8.3%, compared to the previous quarter ending in February 2023 (8.6%). It also decreased by 1.5 percentage points compared to the same…

The latest data on Brazil’s industrial production reveals a marginal increase of 0.3% in May 2023 compared to April, in the seasonally adjusted series. In the year-on-year comparison, industrial output recorded a growth of 1.9% in May. However, for the accumulated period of the first five months of the year, there was a decrease of…

In 2021, the number of enterprises and other active organizations increased by 5.8% compared to 2020, reaching 5.7 million, and the number of partners and owners increased by 5.1%, totaling 7.7 million. During the same period, the number of salaried employees and other formal organizations reached 47.6 million, a growth of 4.9% compared to 2020,…

Brasília, Brazil – In April 2023, the volume of services in Brazil experienced a significant decline of 1.6% compared to the previous month, according to the seasonally adjusted series. This drop comes after a 2.1% increase between February and March, highlighting the challenges faced by the sector. Despite the contraction, the service industry remained 10.5%…