Brazil Current account balance as % of GDP
Brazil Bovespa Index (weekly), 20 week exponential average in green, 5 week exponential average in red, 5 MACD (moving average convergence divergence) in green.
Brazil Bovespa Index monthly chart, the red line is a 24 month exaverage, the yellow line is a 6 month exaverage
This chart is no longer updated but will remain for reference.
|Brazil Notes & Links:
3/13/2021 Ex Brazilian President Lula da Silva, cleared of corruption charges, may run again in 2022.
9/1/2020 Brazil posted a $6.6 billion trade surplus in August, as the economic crisis triggered by the COVID-19 pandemic led to yet another steep decline in imports.
8/8/2020 In a dramatic U-turn, Brazil's Environment Ministry said on Friday it would continue to fight deforestation, reversing its position after saying hours earlier that it could not afford to continue enforcement efforts in the Amazon.
8/28/2020 Reuters: Brazil's central government reported a primary budget deficit of 87.8 billion reais ($16.1 billion) in July, the Treasury said on Friday, as the COVID-19 crisis continued to depress tax revenues and fuel heavy emergency spending.
8/28/2020 Brazil ups debt ceiling to 4.9 trillion reais to accommodate crisis spending. Federal debt is now expected to end the year between 4.6 trillion and 4.9 trillion reais, the treasury said in a statement, up from the previous parameters of between 4.5 and 4.75 trillion reais.
10/3/14 Brazil lowers growth forecast to 0.9%
U.S., Brazil strike new deal to end decade-old cotton trade dispute
11/15/13 Deforestation in the Amazon increased by nearly a third over the past year, according to Brazilian government figures released on Thursday.
7/6/13 Brazilian Finance Minister Guido Mantega said that the government will trim its 2013 budget by 15 billion reales (or 6.7 billion U.S. dollars).
5/3/13 Brazil's unemployment rate rose to 5.7% in March
12/30/12 Brazil's GDP grew 0.9% in Q3 compared with the same period last year.
7/13/12 Brazil's central bank cut its benchmark interest rate by half a percentage point to a record low of 8% in the eighth consecutive rate cut this year.
5/12/12 Brazil’s CPI rose 5.1% YoY
4/20/12 Brazil cut the basic interest rate from 9.75% to 9%.
1/6/12 Brazil's inflation rose to 6.5% in 2011, up from 5.91% in 2010
11/18/11 S&P upgrades Brazil's sovereign credit rating from BBB- to triple B
10/20/11 Brazil lowered interest rates by 50 basis points to 11.5 per cent, the second such cut in six weeks.
8/2/11 Brazil’s trade surplus rose 74.4% YoY.
7/14/11 Brazil's National Institute for Space Research (INPE) released satellite images indicating that Amazon deforestation increased from 103 km² in March and April 2010 to 593 km² in the same period of 2011, a sixfold increase from a year ago.
5/3/11 Brazil's industrial production rose 2.3 in Q1
4/5/11 YoY Commercial activities in Brazil rose 8.5 % in Q1
2/13/11 (Bloomberg) -- Sugar-cane crushing in Brazil’s main producing region probably will fail to rise in the coming 2011-12 season for the first time since 2000, according to Sucden, the trading arm of Sucres et Denrees SA.
2/7/11 Celeres estimates Brazils 2010-11 soy crop at 69.8 MT.
Brazil's industrial output rose 10.5% in 2010.
11/5/10 Brazil's industrial production increased 6.3% YoY in September
10/13/10 According to Reuters, Brazil is preparing to auction off big chunks of the Amazon rainforest to timber companies. By year-end 2.47 millions acres of forests will go under private management, with 27 million acres privately controlled within five years--that's an area the size of Virginia.
A La Nina event, which has brought wet weather to Australia and drought to Brazil, has strengthened, according to Australia’s Bureau of Meteorology.The La Niña in the Pacific remains a moderate to strong event. The Southern Oscillation Index (SOI) value of +25 for September was its highest monthly value since 1973.
The USDA thinks that Brazil, the world’s largest producer, will see a sugar harvest 3.2% lower next year.
9/26/10 Drought in Brazil has pushed water levels in the Amazon River to the lowest since 1963, according to the National Water Agency.
The unemployment rate in Brazil dropped to 6.7 % in August, compared to 8.1% in the same period last year.
9/10/10 The Brazilian industrial earnings increased 11.4% in the first seven months of 2010
9/9/10 Brazil: According to the nationwide household survey by Brazilian Institute of Geography and Statistics, the access to basic services has increased from 2004 to 2009.
In 2004 only 50 million households had access to electric lighting. The number grew to 57.9 million in 2009.
Waste collection reached 51.9 million households in 2009, up from 43.7 million in 2004.
Water supply by a general network climbed to 49.5 million households in 2009 from 42.4 million in 2004.
Workers' income increased 2.2 percent between 2008 and 2009, but failed to reach the level of 1996.
The survey also showed negative figures, mostly due to the financial crisis. The unemployed surged from 7.1 million in 2008 to 8.4 million in 2009, up 18.5 percent.
9/1/10 Brazil’s industrial production in July was up 0.4% Mom and up 8.7 % YoY.
8/31/10 ABN Amro analysts said Brazil, the world's top arabica producer, could "see much less rainfall" next year than is needed for the good development of the 2011-12 crop if this La Nina weather phenomenon proves a significant one
8/6/10 Brazil's GDP will grow 7.1 % YoY, said the IMF
7/15/10 G/Agro said Brazil’s’ main center-south is expected to crush 588 million metric tons of cane in the ongoing 2010-11 crop season. This compares to the earlier estimate in March of 595 million MT.
7/14/10 Brazilian retail sales rose 1.4% MoM
7/12/10 Brazil recorded a trade surplus of US$7.9 billion in the first half of the year, down from US$13.9 billion YoY -- exports rose by 26.5% to $89.2 billion.
China has replaced the United States as Brazil's top trading partner after Chinese imports rose 57.7% in the first half of the year.
4/28/10 Brazil's Ag Ministry, predicted that sugar production will be up 17% in 2010-2011
2/17/10 A shortage of ethanol has caused Brazilian state-run energy company Petroleo Brasileiro or Petrobras, to import gasoline for the first time in 40 years.
2/9/10 Brazilian ethanol mills are reaching out to chemical companies to develop plastics and other products in a bid to diversify. The mills harvest sugar cane and crush it into sugar or ethanol, but the operators are now looking to earn new revenue by sourcing ethanol as a raw material.
The USDA estimate of the Brazil's soybean crop was raised from 65 to 66 million tons.
The agricultural survey group of Brazil's Census Bureau, the IBGE, on Tuesday put the upcoming 2010 coffee crop at 46.8 million 60-kilogram bags. IBGE's new data is 15% above the 2009 crop.
National Commodities Supply Corp., or Conab, on Tuesday pegged Brazil's 2009-10 soy crop at 66.7 million metric tons. Conab's fifth crop estimate for the record-breaking 2009-10 soy crop is 16.7% above the 2008-09 crop of 57.2 million tons
2/1/10 (Bloomberg) -- Soybean fungi are spreading across Brazil and Argentina, the world’s second- and third-largest producers, threatening record crops.
Shell plans $1.63B investment in Brazilian ethanol.
12/16/09 Brazil harvested 39.5 million bags of coffee this year, up from a September estimate of 39.0 million bags
Brazil estimates 2009-2010 production of 34.6 million tons of sugar and 25.8 billion liters of ethanol from 612 million tons of cane.
10/20/09 To curb the upward climb of its currency, Brazil announced that it would impose a 2% tax on overseas purchases of stocks and bonds
10/19/09 CWG - Nearly half of Brazil's wheat suffering major losses due to persistent rains this month. Brazil world's largest wheat importer (Arlan Suderman Farm Futures)
Rain in Brazil is also delaying the harvest of sugarcane.
9/14/09 Brazil GDP rose 1.9% QoQ
9/8/09 Brazil's estimates the 2009-2010 coffee crop at 39 million bags, down from 46 million bags YoY.
8/28/09 (Bloomberg) -- Sugar-cane output in Brazil is declining after rains this month in parts of the Center South, the world’s biggest producing region, were at their most severe in more than six decades, miller Maurilio Biagi Filho said.
4/29/09 Brazil cut rates to 10.25% from 11.25%
3/10/09 Brazil's economy shrank a larger-than-expected 3.6% QoQ
1/21/09 Brazil cut interest rate a full point to 12.75%
1/8/09 Brazil cut its corn production estimate by 85 million bushels. Soybean production forecast was lowered by 36.8 million bushels.
11/6/08 Brazil's Ag Ministry dropped their projection for their 2008/09 (Oct/Sept) soybean crop to 58.4-59.3 million tonness from October's forecast of 60.10-61.27 million tonnes.
11/5/08 The cost of production for Brazilian soybeans, produced in Mato Grosso, is estimates in a range of $8.27 to 9.19 with transportation costs adding $2.50-3.25 per bushel. This means farmers will need to see a board price north of $11.00 per bushel in the May 09 forward futures in order to lock in a positive return.
4/9/08 Brazil estimated the upcoming coffee harvest at 44.2 million bags.
10/3/07 Nine environmental groups called for annual investments of 1 billion reals to bring destruction of the Amazon rain forest to a halt by 2015.
3/14/07 The Brazilian government may boost the amount of ethanol it blends with gasoline to 25%.
11/29/06 Brazil's central bank lowered its benchmark lending rate to 13.25% from 13.75%
10/31/06 Brazil announced that they will raise the ethanol content of their gasoline from 20% to 23%, starting on November 20th.
6/19/06 The International Monetary Fund said on Monday that Brazil's economy was less vulnerable amid lower external and domestic debt and foreign reserves that are at more comfortable levels.
6/6/06 YoY Brazil's industrial output fell 1.9% in April.
4/19/06 Brazil's central bank cut its benchmark lending rate on Wednesday to a five-year low of 15.75 percent from 16.50 percent, the seventh straight cut since September to help bolster the economy as inflation eases.
3/1/06 Brazilian traders returned to work on Wednesday and lifted stocks to a record high on news that Standard & Poor's upgraded the country's credit rating -- the Real ended near a five-year high.
2/21/06 Dow-Jones Newswires reported that because of strong ethanol demand, Brazil will reduce ethanol in its gasoline from 25% to 20%.
2/10/06 This year Brazils government has bought back $2.3 billion of about $90 billion of debt denominated in foreign currencies.Brazil's advance to an investment grade rating is a matter of time now that the South American nation's economy is on a stable growth trajectory, Finance Minister Antonio Palocci.
1/19/06 Brazil posted a record current account surplus of $14.19 billion for 2005, up from $11.71 billion in 2004.
1/12/06 Inflation in Brazil slowed in 2005 for the fourth year in a row.
12/9/05 Brazil inflation eased in November, official data showed on Friday, reinforcing bets the central bank will cut interest rates next week.
11/15/05 Brazilian farmers' dreams dry up The so-called "Drought Polygon" is a nearly 390,000-square-mile area that includes nine northeastern states, practically a third of Brazil. Rain is so infrequent that Brazilians joke that the first sign of drought is news of supermarket looting. Specialists, who are not joking, say the scant rainfall, deforestation, overgrazing and unsustainable farming practices could make this region of 18 million people the world's largest new desert.
11/10/05 Industrial production in Brazil fell more than expected in September from August, suggesting that high interest rates took a toll on Latin America's largest economy in the third quarter.
11/08/05 Brazil's agricultural exports totaled $36.2 billion in the first ten months of 2005, a new record high, helped by sales of soybeans, ethanol, coffee, sugar, and orange juice.
10/27/05 Brazil's central bank on Thursday said it saw a benign inflation scenario with only 'transitory' price pressures and raised market expectations it would continue its current pace of interest rate cuts.
09/01/05 Brazil's economy grew at 3.9 percent from a year earlier more than expected.
08/09/05 Brazil's currency on Tuesday closed below 2.300 per dollar for the first time in over three years while stocks climbed to a five-month high.
08/03/05 Brazil has made itself into a "shining example" of strong economic performance that stands in sharp contrast to Europe and Japan, U.S. Treasury Secretary John Snow said on Tuesday.
06/13/05 Investors pushed Brazilian stocks down again Monday over concerns about a bribes-for-votes political scandal, adding to losses that sent the country's benchmark index plunging last week.
05/19/05 Brazil: Amazon destruction accelerating - 26,000 sq km of forest were chopped down in the last 12 months .
05/02/05 Brazils government reported a trade surplus of $3.88 billion in April, up from $1.96 billion in the same month last year. Exports in April reached $9.20 billion while imports totaled $5.33 billion.
03/10/05 Brazilian industrial output fell 0.5 percent in January from December. The decline was expected after a strong 2004, when Brazil's economy grew at its fastest pace in a decade
03/01/05 Brazil's GDP increased 5.2% in 2004, the biggest gain since 1994.
12/29/04 Brazil, the central bank said it expects inflation to reach 7.4 pct in 2004 and 5.3 pct in 2005, compared with previous estimates of 7.2 pct and 5.6 pct respectively.It noted the 2004 inflation forecast is still below the 8 pct target set by the government.It also raised the GDP growth forecast to 5 pct in 2004 from 4.4 pct forecast in September. The 2005 forecast stands at 4 pct.
12/20/04 Brazil had its first current account deficit in seven months in November as a growing economy boosted imports and a strengthening Brazilian currency helped reduce exports.
12/15/04 Brazil Raises Benchmark Lending Rate to 17.75 Percent
12/08/04 The national consumer price inflation index (IPCA) was up 0.69 pct in November from October, and up 7.24 pct from a year earlier, statistics bureau IBGE said. In the first 11 months of the year, prices rose by 6.68 pct, compared with an increase of 8.74 pct in the year-earlier period.
11/30/04 The vigour of Brazil’s economic recovery continued into the third quarter. GDP expanded by a rapid 6.1% pace, the best year-on-year performance since 1996.
11/11/04 Brazils inflation index rose 0.44 percent in October, compared with a rise of 0.33 percent in September, the government's IBGE statistics agency said on Thursday
10/29/04 Brazils consolidated deficit, including federal and local governments and state-owned companies, rose to 5.45 billion reais ($1.9 billion), or 2.8 percent of gross domestic product, from 651 million reais, or 2.9 percent, in August, the central bank in Brasilia said in a report.
10/20/04 Brazil raised its benchmark interest rate one-half point Wednesday to 16.75 percent in an effort to curb inflation amid recent economic growth.
10/11/04 Brazilian industrial output rose a stronger-than-expected 1.1 percent in August from July, its sixth consecutive monthly gain.
10/08/04 Inflation in Brazil slowed in September to 0.33 percent, its lowest level in nearly a year.
08/26/04 Brazil Says Leaving Rates Steady May Not Be Enough
06/12/04 Brazilian consumer prices rose by 5.2% in the year to May.
06/01/04 Brazil -- In one of this country's largest foreign deployments of troops in 40 years, a team of Brazilian soldiers is due to assume command Tuesday of a U.N. peacekeeping force in Haiti.
04/27/04 (Reuters)Brazil on Tuesday posted its largest current account surplus ever for the month of March, fueled by the country's booming exports.The current account balance, a country's widest measure of foreign transactions, rose to a surplus of $817 million from $169 million a year earlier, the central bank said.
03/10/04 Emerging debt-Inflation fears hammer Brazil bonds