The service sector in Brazil is experiencing a significant boost in confidence, reaching its highest level in seven months. This surge reflects a notable shift in consumer spending habits, with Brazilians seemingly allocating more of their income towards services rather than goods. The Confidence Index for Services (ICS) rose by 1.4 points in October, marking […]
Related Posts
Lula argues Amazon should not be seen as a sanctuary but as a place to generate science and money
Brazil’s President, Luiz Inácio Lula da Silva, emphasized that the Amazon should not solely be seen as a sanctuary. Instead, it should be utilized for scientific and economic benefits for the local population. Ahead of the Amazon Summit, taking place in Belém, Brazil, where leaders of the eight Amazonian countries will convene, Lula stressed the […]
Argentina’s ‘Blue Dollar’ continues to rise after elections amid political and economic uncertainty
Two days post the Primary, Open, Simultaneous, and Mandatory (PASO) elections in Argentina, the unofficial dollar rate, commonly known as the “blue dollar”, experienced a further 6.5% increase, settling at 730 pesos per unit for public sale. Since the primary elections, this rate has climbed by 20.6%, widening the gap from the official dollar value. […]
São Paulo state creates 36,000 new jobs in June testifying to robust growth and investor confidence
In June, São Paulo state, a Brazilian powerhouse with an economy outstripping that of Argentina, bolstered its workforce with an impressive 36,000 fresh formal jobs, according to data collated by the renowned Seade Foundation. This robust upswing marks a 0.3% rise in formal employment, effectively surpassing the figures from the preceding month, May 2023. From […]