Imports in Brazil
Brazil - ImportsSubdued economic data is rolling in for the Brazilian economy as the country’s crucial election season is in full swing. Business and consumer confidence dropped in September in the run-up to the turbulent vote, while industrial production plunged in August. Moreover, economic stress in key trading partner, Argentina, is hampering export growth, while political uncertainty has sparked volatility in the country’s financial markets. The soft third quarter data comes after an already weak Q2 GDP print due to economic disruptions from a nationwide truckers’ strike. Against a sour economic backdrop, voters went to the polls on 7 October in presidential and legislative elections. Far-right and outsider candidate Jair Bolsonaro came out resoundingly on a top with a better than expected 46% of the vote. Nevertheless, as Bolsonaro failed to secure over half of the vote, he will face second place Workers’ Party candidate Fernando Haddad in a run-off election on 28 October.
Brazil - Imports Data
|Imports (USD billion)||211||229||171||138||151|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||11.86||-0.82 %||Oct 11|
|Exchange Rate||3.78||-0.13 %||Oct 12|
|Stock Market||82,921||-0.11 %||Oct 11|
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October 9, 2018
Right-wing congressmen and former army captain, Jair Bolsonaro, won a larger than expected victory in the 7 October presidential elections, although failed to capture Brazil’s top job in the first round.
October 5, 2018
Consumer prices rose 0.48% in September over the previous month, contrasting August’s 0.09% fall.
October 3, 2018
In July, economic activity increased 0.6% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
October 2, 2018
Industrial production contracted for a second month in a row in August.
October 2, 2018
Conditions in Brazil’s manufacturing sector deteriorated in September.