Exports in Brazil
Brazil - ExportsThe recovery regained lost momentum in the third quarter, after growth slid in the second quarter due to disruptions from the May–June truckers’ strike. Soaring investment led the acceleration, while imports also boomed due to higher imports of oil platforms under a special customs program. Incoming data for the fourth quarter suggests that the gradual growth revival continues. In October, the three-month rolling unemployment rate dropped and the manufacturing PMI rose. Moreover, sentiment has been upbeat since Jair Bolsonaro was elected as president, due to his pro-market campaign promises and business confidence recorded the largest month-on-month gain on record in November. In recent weeks, Bolsonaro has revealed details of the new administration, with several University of Chicago alumni and military men taking key roles. Mansueto Almeida is set to remain treasury secretary and reform-oriented Paulo Guedes will be the economy minister, which should bode well for pro-market economic policy.
Brazil - Exports Data
|Exports (USD billion)||242||225||191||185||218|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||11.15||-0.82 %||Dec 11|
|Exchange Rate||3.90||-0.13 %||Dec 11|
|Stock Market||86,420||-0.11 %||Dec 11|
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December 7, 2018
Consumer prices fell 0.21% in November over the previous month, contrasting October’s 0.45% increase.
December 3, 2018
Conditions in Brazil’s manufacturing sector improved notably in November.
November 30, 2018
Recently-released GDP data revealed that the recovery revived in the third quarter, after activity was hit by the nationwide truckers’ strike in the previous period.
November 27, 2018
Brazil’s current account balance came in at a surplus of USD 329 million in October, contrasting the USD 686 million deficit recorded in the same month last year. The current account surplus was chiefly due to a higher trade surplus, which came in at USD 5.9 billion in October (October 2017: USD 5.2 billion).
November 26, 2018
Business sentiment in Brazil improved in November, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 94.7 points from 94.1 points in October.