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April Fiscal And Labour Market Expected Today

BRAZIL
  • On the data front, FGV IGPM inflation data are due at 1200BST(0700ET). On the fiscal front, the primary budget surplus is expected to come in at BRL 15.0bn in April, following a BRL 1.2bn surplus in March (1230BST/0730ET). This will be followed by April unemployment figures at 1300BST and formal job creation at 1430BST. Finally, April federal debt data will be published at 1730BST.
    • April Public Primary Budget Balance, est. 15b, prior 1.2b
    • April Nominal Budget Balance, est. -49b, prior -63b
    • April National Unemployment Rate, est. 7.7%, prior 7.9%
    • April Formal Job Creation Total, est. 210,000, prior 244,315
  • On the political front, President Lula is scheduled to announce new support measures for Rio Grande do Sul state at 1400BST(0900ET). Meanwhile, Finance Minister Haddad is due to hold an interview with Valor Econômico at 1400BST.

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