Public Debt in Brazil
Brazil - Public DebtWeak economic data continues to roll in for the second quarter, confirming that the nationwide truckers’ strike derailed the recovery. Economic activity recorded the largest contraction on record in May, retail sales plunged in the same month and the manufacturing PMI fell into contractionary territory in June. However, the shock should be temporary seeing as the strike ended in early June, and leading data for after the strike has shown some improvement. In the political arena, five centrist parties declared in July that they would back center-right Brazilian Social Democracy party candidate Geraldo Alckmin in the October election, which should boost his chances. Moreover, the combination of parties supporting him will give Alckmin—who is regarded as the most market-friendly candidate—an edge against his competitors as he will consequently receive the largest TV airtime during the campaign. The latest opinion polls prior to the announcement placed him in fourth place.
Brazil - Public Debt Data
|Public Debt (% of GDP)||51.5||56.3||65.5||70.0||74.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||11.54||-0.82 %||Aug 15|
|Exchange Rate||3.91||-0.13 %||Aug 15|
|Stock Market||77,078||-0.11 %||Aug 15|
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August 13, 2018
Retail sales (excluding cars and construction) fell 0.3% from the previous month in seasonally-adjusted terms in June, following May’s revised 1.2% contraction (previously reported: -0.6% month-on-month). Drops in sales of fuels and lubricants; and hypermarkets, supermarkets, food products, beverages and tobacco drove the month-on-month decline. On an annual basis, retail sales increased 1.5 in June, a sharp deterioration from May’s 2.7% rise.
August 8, 2018
Consumer prices increased 0.33% in July over the previous month, significantly below June’s 1.26% rise.
August 3, 2018
Business sentiment in Brazil weakened in July, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 99.6 points from 110.1 points in June.
August 2, 2018
Industrial production returned to growth in June, recording the largest expansion in over a decade.
August 1, 2018
At its 31 July–1 August meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Politica Monetaria, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%.