Electricity consumption in May went up 10.5% YoY, according to the Federal energy research bureau (EPE). Industrial segment was the main responsable for this figures. Industrial consumption reached +15.4% YoY. It means that industrial activity is growing fast.g relevant growth. “After the financial crisis, we highlight the mining and steel sector, with consumption growing 50.7%Continue reading “Electricity consumption in May: Strong Growth”
Category Archives: Economy
Brazilian millionaires
Brazil has 127k families with net worth above US$1mn, according to Boston Consulting Group research just made public recently. This means that Brazil is 17th in the ranking of countries with the most millionaires. The US ranks 1st with 4.1mn households, Japan comes in 2nd, and China, 3rd. India and Brazil, together with China, are the only emerging markets on the 20-countryContinue reading “Brazilian millionaires”
Now Everyone Wants to be the “Fifth BRIC”
Last year in a Special Report on Indonesia, The Economist quotes certain investment bank research arguing that Indonesia may be the “fifth BRIC” (BRIIC?). Now, in the latest edition, The Economist notes a source saying that Africa should be the “fifth BRIC.” This little trend should indicate the increase in status of the four BRICContinue reading “Now Everyone Wants to be the “Fifth BRIC””
Policing in Rio impacts Economics ahead of Olympic Preparation
A traveler in Rio sees two police with AR-15 rifles at the entrance to a favela midway between Copacobana and Ipanema, less than a football field from the finest beaches in the world. Yards away, more police stand watch, while up the curving road, street vendors hawk roasted chicken on a stick. The scene isContinue reading “Policing in Rio impacts Economics ahead of Olympic Preparation”
Euro risk .. and GDP record in Brazil
Brazilian GDP growth soars to 9% in the first quarter. This result came as surprise to analysts everywhere. It is too good. But it is true. It seems Brazil is not contaminated by international problems and grows on strong domestic demand. And inflation is under control.. Euro concern A friend in asset management in Sao Paulo, RicardoContinue reading “Euro risk .. and GDP record in Brazil”
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