The column Business Bahia brings weekly, always on Saturdays, the main economic highlights that permeate Bahia and Brazil. Check out!
OIL & GAS – Bahia Oil & Gas Energy will take place in Salvador between 22 and 24/05, an international event focusing on the oil and gas sector in the North/Northeast of Brazil and which will address relevant issues in the exploration and production, transportation and refining stages of this segment. ;
MADE IN BAHIA – The traditional column in the newspaper A Tarde this week featured Manuela Moscozo, partner at Nutrition All, and addressed the quality of life of Bahian businesspeople;
JOB – According to CAGED, the general register of employed and unemployed people, 719 thousand formal jobs were created in the first three months of this year, 33.9% more than in the first quarter of 2023;
UNEMPLOYMENT – According to IBGE, Brazil’s unemployment rate was 7.9% in the quarter ending in March 2024, the lowest ever recorded for the period since 2014, when it reached 7.2%. In the same quarter last year, the rate was 8.8%;
SAVIOR – Also according to CAGED, the Bahian capital maintained its leadership in the North-Northeast in generating new job vacancies, occupying 4th national position in the 1st quarter of 2024.
The services sector was the highlight in generating these new jobs;
MOODY’s – The risk rating agency changed Brazil’s outlook to “positive”. This is the first move by Moody’s in relation to the country’s risk rating since 2018;
FED – The American Central Bank maintained interest rates in the USA between 5.25% and 5.50%.
Decision came in line with what the market expected. The rate in the US has been at this level since July last year;
FINANCIAL MARKET 1 – After another month in the red with a drop of 1.7% in April, the Ibovespa has already accumulated a devaluation of 6.15% in 2024. The dollar had another period on the rise, rising 3.51% in the month, accumulating a positive annual variation of 6.83%;
SUSTAINABILITY – With the support of ACB and IBRADES, Salvador will host the II Brazilian Congress of Law and Sustainability at the Wish Hotel on May 16th and 17th, focusing on themes of sustainable development, environmental conservation and legal security;
ENEM OF COMPETITIONS – The federal government decided to postpone the Unified National Competition, which would take place on Sunday due to the rains in Rio Grande do Sul. The new date for the selection has not yet been defined;
FINANCIAL MARKET 2 – After a bad April, the Ibovespa rose +1.57% to 128,508 points in the 1st week of May. The dollar dropped -0.90%, quoted on Friday at R$ 5.07. Future interest rates also fell.
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