Brazil Balance of Trade
Brazil experienced trade surpluses in the years 2001 to 2012, and again in 2015 and 2017, this was owing to the increasing export of mining and agricultural products. While the largest trade surpluses were recorded with China, the Netherlands, Argentina, Chile, Iran, and Spain in 2018, it was the largest trade deficits that were recorded with Germany, South Korea, Russia, Switzerland, Algeria, and France in the same year.
A higher than expected figure should be seen as positive (bullish) for the BRL while a lower than expected figure should be seen as negative (bearish) for the BRL.
News (BRL)
Brazil Manufacturing Downturn Eases In January
Brazil's factory activity continued to deteriorate at the start of the year, though the pace of decline softened since December amid slower reductions in output and new orders, survey data from S&P Global showed on Wednesday. Elsewhere, official data showed that producer price inflation slowed further in December.
RTTNews | 458 days ago
