Funds drained $ 16 bn in April, record for the historical series

In April, investment funds had the second month followed by net redemption – more withdrawals than deposits – with an outflow of R$ 91.1 billion ($ 16 billion), a record for the historical series of Anbima, which started in 2002. In March, R$ 24.2 billion ($ 4.3 billion) from the fund industry. In the year, sangria is R$ 69.6 billion ($12.5 billion). Most of the April withdrawal (64%) was from fixed income funds with net redemption to R$ 58.6 billion ($ 11 billion).

Source: Folha

Within the pandemic, the country has 0.31% of deflation in April

The IPCA, considered the country’s official inflation, fell 0.31% in April, amid falling fuel prices and falling economic activity, according to IBGE. It is also the first deflation recorded in the country since September last year, when the IPCA was -0.04%. In the year, the IPCA accumulated an increase of 0.22% and, in the last twelve months, of 2.40%, well below the 3.30% observed in the immediately preceding 12 months.

Source: G1

BRF reduces loss of $ 7 mm in the first quarter

BRF reported on Sunday, 10, that it recorded a net loss of R$ 38 million ($ 7 million) in the first quarter of this year compared to a loss of R$ 113 million ($ 21 million) in the same period of 2019. A net sales revenue of the company in the first three months of 2020 about R$ 8.949 billion ($ 1.3 billion), an increase of 21.6% over the R$ 7.359 billion ($1.4 billion) in the first quarter of 2019.

Source: Agencia Estado

Property sale falls 65% in April, first full month of quarantine

Sales in the real estate market fell 65% in April compared to the estimate made before the pandemic for the month, according to Secovi. The number is important because it shows the performance of the first month totally impacted by the quarantine. The postponed launches in the metropolitan region of Sao Paulo add up to an overall sales value of R $ 1.5 billion ($ 273 million).

Source: Folha

Abiplast president says shortage of plan for economic recovery

The president of Abiplast (Brazilian Association of the Plastic Industry), said that it was clear that the country is far from having an elaborate and consistent plan for the resumption of the economy after the new coronavirus pandemic. For Roriz Coelho, the timing of leaving the quarantine has to be defined by health experts based on technical criteria.

Source: UOL Economia