Trade Balance in Brazil
Brazil - Trade BalanceRight-wing Jair Bolsonaro was elected president on 28 October, after a polarizing and turbulent election cycle. Bolsonaro campaigned on a largely market-friendly platform, vowing to continue with economic reforms and curb the worrysome fiscal deficit, which should bode well for the economy going forward if enacted. That said, Bolsonaro is a controversial and wildcard figure; he could thus have difficultly drumming up support in Congress to pass legislation throughout his tenure, while some uncertainty remains regarding his incoming policies. Meanwhile, mixed economic data is rolling in on the recovery. The unemployment rate fell in the third quarter and consumer confidence jumped in October, positive signs for household spending. However, industrial production contracted sharply in September and business confidence fell further the following month. Overall, growth is expected to have firmed in Q3 as the economy normalized after the truckers’ strike caused widespread disruptions in Q2.
Brazil - Trade Balance Data
|Trade Balance (USD billion)||2.3||-4.0||19.7||47.7||67.1|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Trade Balance Chart
Source: Central Bank of Brazil.
|Bond Yield||11.45||-0.82 %||Nov 14|
|Exchange Rate||3.78||-0.13 %||Nov 15|
|Stock Market||85,973||-0.11 %||Nov 14|
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November 13, 2018
Retail sales (excluding cars and construction) dropped 1.3% from the previous month in seasonally-adjusted terms in September, contrasting August’s 2.0% expansion. The fall was largely broad-based with six of the eight categories recording decreased sales.
November 7, 2018
Consumer prices rose 0.45% in October over the previous month, which followed September’s 0.48% increase and was below market expectations of a 0.55% rise.
November 6, 2018
Jair Bolsonaro will take the reins of Latin America’s largest economy on 1 January, after winning 55% of the vote in the second-round presidential election held on 28 October.
November 2, 2018
Industrial production contracted for a third consecutive month in September.
November 2, 2018
Conditions in Brazil’s manufacturing sector improved at the start of the fourth quarter.