Payrolls and Trade Surplus Are Up in Brazil

After falling for two consecutive months, industrial sector payrolls rose in September 0.3%, compared to August. Compared to September 2003, the increase was 10.2%.

And so far this year there is a cumulative increase of 9.2%, reports the government statistical bureau (IBGE).


“The increase shows that salaries are rising because of a more dynamic production situation and the fact that prices have been stable during the year,” says an explanatory note from the IBGE.


The survey also found that the number of hours paid for industrial sector workers was up 1.3%, compared to August, and up 3.4%, compared to September 2003.


Surplus


The Brazilian trade balance has registered a surplus of US$ 29.559 billion in the year up to the third week of November.


The result is 89.57% of the financial market’s forecasts for this year, which has been maintained at US$ 33 billion, according to the weekly study by the Central Bank.


Between January and November 21, exports have reached US$ 84.583 billion, with a daily average growth of 32.8% when compared to the period from January to November 2003.


Imports totalled US$ 55.024 billion, an increase of 29.8% in the same comparison.


In the third week of November, Brazil sold US$ 209 million more than the country purchased, with exports of US$ 1.669 billion and imports of US$ 1.460 billion.


The daily average in November, in comparison to the same month last year, grew 40.5% in exports and 45.2% in imports. There was a 5% drop in exports when compared to the October 2004, 5% in the daily average, and 6.1% in imports.


Every year, at this time, purchases rise due to Christmas. This year they should grow even more due to the improvement of the Brazilian economy and of the dollar which is dropping against the Brazilian real.


Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Housing and Food Drive Inflation Up in Brazil

Inflation in Brazil during the period between July 14 and August 13, gauged by the ...

Brazil Releasing Extra Credit for Popular Houses

According to Brazilian President Luiz Inácio Lula da Silva, the building industry has never ...

For Brazil and Neighbors Bush’s Freedom Sounds Ominous

In her January 18 confirmation hearing before the Senate Foreign Relations Committee, Secretary of ...

Will Brazil’s Sarney Fall on His Sword?

The Senate chairman, José Sarney, is following in the tradition of his predecessors and ...

Countdown to Brazil’s First Astronaut Liftoff Brings Space to the Front Page

The liftoff of Russian spaceship Soyuz TMA-8, which will take to space the first ...

Brazil’s Social Movements Coalition Comes to Lula’s Rescue

After a meeting with Brazilian President Luiz Inácio Lula da Silva, a coordinator of ...

Brazil Has Already Freed 16,407 Slave Workers

Brazil’s Ministry of Labor’s Special Mobile Inspection Group freed 79 workers from slave labor ...

Presidential candidate Rousseff Wants More State Capital in Brazil’s Airlines

Dilma Rousseff, the Brazilian presidential candidate handpicked by president Luiz Inácio Lula da Silva, ...

Listening to the Heart of the Jungle

There would be the occasional scream from one of the girls who saw a ...

Brazil: What Lula Needs Now Is Guts

Brazil has the resources, it knows how to proceed, and has leadership that is ...