Imports in Brazil
Brazil - Imports (percent change)Brazil’s recovery is expected to have held up at the end of 2018 and at the start of the new year, although it remains a bumpy ride. The unemployment rate dropped in the fourth quarter and retail sales rebounded in November, pointing to a pick-up in household spending. In addition, economic sentiment continued its upward trend in January, while the manufacturing PMI also edged up in the same month. However, the recovery faced another unexpected shock in January, when an inactive dam owned by Brazil’s largest mining company, Vale, collapsed. The disaster resulted in Vale declaring a force majeure on some contracts and cuts in production, which will likely dent exports growth in the first quarter. That said, the shock should only have a short-term impact on growth. On a brighter note, the lower house elected pro-reform Rodrigo Maia as speaker on 2 February, which should aid the passing of tough reform bills for new President Jair Bolsonaro.
Brazil - Imports (%) Data
|Imports (annual variation in %)||7.4||-4.4||-25.2||-19.8||9.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.80||-0.82 %||Feb 14|
|Exchange Rate||3.72||-0.13 %||Feb 14|
|Stock Market||98,015||-0.11 %||Feb 14|
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February 13, 2019
Retail sales (excluding cars and construction) fell 2.2% from the previous month in seasonally-adjusted terms in December, notably contrasting November’s revised 3.1% expansion (previously reported: +2.9% month-on-month) and the largest drop since January 2016. Declines were recorded in five of the eight categories of the index, with notably contractions in sales of other articles for personal and domestic use, and furniture and household appliances. On an annual basis, retail sales rose 0.6% in December, notably below November’s 4.5% expansion.
February 8, 2019
Consumer prices rose 0.32% in January over the previous month, accelerating from December’s 0.15% increase.
February 6, 2019
At its 5–6 February meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Política Monetária, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March.
February 4, 2019
Conditions in Brazil’s manufacturing sector improved at the start of 2019.
February 1, 2019
Industrial production rebounded in December, growing 0.2% month-on-month in seasonally-adjusted terms.