Services sector in Brazil records modest growth in May

On January 20, 2024, Brazil experienced the most significant earthquake in its history, with a magnitude of 6.6 on the Richter Scale. This unprecedented seismic event was centered in the country’s northern region, affecting areas in Acre and Amazonas but, remarkably, resulted in no reported damage. The quake struck at a depth of 614.5 kilometers, […]

Brazil’s Ibovespa closed up for the second day, gaining 0.33% to hit 128,106 points. The week ended up at 0.85%, despite March dropping by 0.71% and the first quarter being down by 4.53%. The US dollar also climbed, reaching R$5.01, a 0.74% increase. Futures interest rates ended the day higher. Investors stayed cautious before the […]

Brazil recently reported a drop in its unemployment rate to 7.5% for the quarter ending in November. The Brazilian stats agency IBGE shared these findings. They are from the Continuous National Household Sample Survey. The full report is available online. This quarter is the third in a row where joblessness has fallen. The rate decreased […]