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Mixed Brazilian Signals Lean Down

The Brazilian central bank reported that August growth missed analystsâ?? projections, increasing only 0.08%.

Mixed Brazilian Signals Lean Down (Reuters)

The Brazilian central bank reported that August growth missed analystsâ?? projections, increasing only 0.08%. However, the economic news there is mixed, since a previous report from the bank showed unexpectedly strong job creation in September. Another report indicated a jump in retail sales in July and August. “With this outcome… we are maintaining for now our expectation of a slight retraction at the margin of the Brazilian economy in the third quarter,” according to the Brazilian bank Bradesco.

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Mixed Brazilian Signals Lean Down

Mixed Brazilian Signals Lean Down (Reuters)

The Brazilian central bank reported that August growth missed analysts’ projections, increasing only 0.08%. However, the economic news there is mixed, since a previous report from the bank showed unexpectedly strong job creation in September. Another report indicated a jump in retail sales in July and August. “With this outcome… we are maintaining for now our expectation of a slight retraction at the margin of the Brazilian economy in the third quarter,” according to the Brazilian bank Bradesco.

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Sign up to the Human Events newsletter

TRENDING NOW:

Duke Prof: Islam Has ‘Clear Emphasis on the Sanctity and Dignity of Human Life’

FOREIGN AFFAIRS

Willem van Sprouse Antifa Willem van Sprouse Antifa

ICE Detention Center Attacker Was Antifa Activist.

U.S. POLITICS

Justin Trudeau Justin Trudeau

How Justin Trudeau Is Pushing Canada Further Right

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