Brazil’s Foreign Exchange Flow at US$ 2.9 Billion Deficit

DollarThe balance of dollar inflows and outflows from Brazil, known as the foreign exchange flow, remains at a deficit according to figures released by the Brazilian Central Bank. In the second week of April, outflows have exceeded inflows by US$ 2.941 billion.

Month-to-date through April 12th, the deficit stands at US$ 3.002 billion, as against a US$ 180 million surplus in the first ten working days of April 2012.

Month-to-date through April 12th (ten working days), most of the deficit was due to financial operations (investment in bonds, profits and dividends remittances to foreign countries, and foreign direct investment, among other operations), which posted a US$ 2.049 billion deficit, while foreign trade operations (export and import) posted a US$ 954 million deficit.

From January to April 12th, the forex flow ran a US$ 5.102 billion deficit. Financial operations ran a US$ 2.101 deficit and the deficit from foreign trade operations was US$ 3.001 billion.

Jobs in March

The generation of job posts in March dropped as against the previous month, to 112,400 posts, as against 123,400 posts created in February. The figures were disclosed in the General Records Office for Employment and Unemployment (Caged), disclosed on Thursday (17). The balance was the best for March over the last three years.

The result is the difference between the 1.8 million workers hired and the 1.7 million fired. January was the month with the worst performance, with the creation of 28,900 posts – the lowest result since 2009, the year of the international financial crisis.

According to the minister of Labor and Employment, Manoel Dias, expectations by the government are for the year to end with generation of around 1.7 million new work posts.

The balance verified in March suggested equal dynamics in the same month in 2012, when some 111,700 work posts were created.

To the minister, the result for last month shows the recovery of the labor market, due to the weak performance in January. “In January there was also growth. We hope we are in a recovery and job generation process,” said Dias.

ABr

 

Tags:

You May Also Like

Brazil's poultry cooperative Aurora

The Good Life of a Brazilian Chicken While Search Goes on for Super Bird

It eats little and gains weight quickly, it has large breasts and legs, is ...

US Opposes Brazil Proposal for Anti-Racism Pact at the OAS

The Brazilian government’s proposal to draft an Inter-American Convention Against Racism and All Forms ...

Brazil to Reserve 300,000 Places in College for the Poor

Brazil’s Ministry of Education (MEC) plans to add 180 thousand places by 2006 through the ...

Brazilian Names and Faces

Whatever your prejudices or opinions regarding race, ethnicity, eugenics, and miscegenation, you don’t know ...

Brazil Industry Hasn’t Been That Upbeat in 7 Years

Brazilian industrialists’ confidence level is high, and they believe that the sector will continue ...

Cashew Nut Harvest Almost Doubles in Brazil. Most of It Goes to the US

Brazil expects a record cashew nut harvest this year. According to figures supplied by ...

U.S. Lab Says Brazil Cannot Break AIDS Drug Patent

Merck Sharp & Dohme Laboratory believes Brazil does not have enough conditions to request ...

Brazil’s Central Bank Good News Sends Market Way Up North

Brazilian and Latin American markets surged, after the release of minutes from the Brazilian ...

Brazilian Court Reverses Release of TV Reporter’s Killer

A court from Rio de Janeiro, Brazil, which oversees sentence implementation has reversed a ...

US Treasury Secretary Scolds Brazil for Corruption and Bureaucracy

The yuan needs to "adapt" to the vigor and strength of the Chinese economy, ...