Could rising employment see more investment in Brazil?
Date added: 28th May, 2010 at 10:46
(view all articles from May, 2010)
Categories: Economy
As employment rates increase alongside income and experts say the emergence of a middle-class demographic will boost consumption, this could be the time to invest in Brazil.
The Instituto Brasileiro de Geografia e Estatistica (IBGE) released its Monthly Employment Survey (PME) yesterday (May 27th), which showed unemployment rates in Brazil decreased to 7.3 per cent in April - the lowest recorded level - from 7.6 per cent in March and saw an 8.9 per cent year-on-year decline.
Average income per month also rose from R$1,423.32 (£538.78) in March to R$1,424.10 in April, compared with R$1,392.65 this time last year - a 2.3 per cent increase.
Director for Latin America at Moody's Economy.com Alfredo Coutino told the Wall Sreet Journal that the rising level of demand that will accompany stronger buying power in the country will fuel investment in Brazil.
Sam Zell Equity International, an investor that concentrates on non-US real estate, recently ploughed money into the Brazilian Property market, betting that the rise in demand would overcome rising interest rates.
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