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The Purchasing Managers’ Index (PMI) of Brazil’s industrial sector rose from 46.6 in June to 47.8 in July, marking its highest level in five months, according to a report by S&P Global on Tuesday (1). However, this marked the ninth consecutive month the PMI remained below the 50.0 threshold, which demarcates expansion from contraction. S&P […]
In 2023, Brazil’s average monthly household income per capita saw a notable increase of 11.5%, rising to R$1,848 ($352). This update, provided by the Brazilian stats agency IBGE on April 19, 2024, marks the highest income record since the statistical series began in 2012. Total income for households reached R$398.3 billion ($75.87 billion), up 12.2% […]
Last year, Elon Musk made a visit to Brazil that bypassed the usual financial centers and bustling cities. Instead, he headed to Fazenda Boa Vista, a platinum exclusive gated community located just west of São Paulo near Sorocaba. Boa Vista, developed by JHSF Participações, is a sprawling haven for the ultra-rich, reminiscent of a small […]
