Brazil Economic Outlook
August 9, 2016Although economic activity remains feeble, tentative signs of improvement are emerging from Brazil’s battered economy. Industrial production accelerated in June and consumer and business confidence continued to improve in July. In addition, despite growing concerns over global growth, the real has remained resilient and rose to a one-year high on 4 August. Michel Temer’s temporary takeover as president has helped shore up confidence in Latin America’s largest economy, however, not enough has been done to halt the government’s sinking finances. A constitutional amendment to cap public spending is not expected to be passed until next year, while a proposal for a desperately-needed overhaul of the country’s bureaucratic labor laws likely will not be ready until the end of this year. Meanwhile, a final verdict in ousted President Dilma Rousseff’s impeachment case is expected in the coming weeks.
Brazil Economy Data
5 years of Brazil economic forecasts for more than 30 economic indicators.
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|Bond Yield||11.97||0.34 %||Aug 03|
|Exchange Rate||3.24||-0.60 %||Aug 03|
|Stock Market||57,077||1.63 %||Aug 03|
Brazil Economic Growth
August 9, 2016Political uncertainty continues to tilt risks to Brazil’s forecast to the downside. A swift implementation of economic reforms and a fiscal adjustment are key to correcting the country’s macroeconomic imbalances, yet this hinges on a stable political situation. FocusEconomics panelists see the economy contracting 3.3% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees the economy starting to recover meekly and growing 0.9%.
Brazil Economic News
August 23, 2016
Brazil’s current account balance deteriorated in July, after making considerable gains in previous months.
August 17, 2016
In June, economic activity expanded 0.2% over the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
August 9, 2016
Retail sales (excluding cars and construction) returned to expansion in June, growing a slight 0.1% over the previous month in seasonally-adjusted terms.
August 2, 2016
In June, industrial production increased 1.1% over the previous month in seasonally-adjusted terms, which marked an improvement compared to the 0.4% expansion recorded in May and represented the highest reading since March.
August 1, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose in July, increasing from June’s 43.2 to 46.0.