In May, economic activity expanded a seasonally adjusted 0.2% over the previous month, according to the Central Bank's monthly indicator for economic activity (IBC-Br, indice de Atividade Economica do Banco Central). The reading was below April's 0.4% month-on-month rise as well as market expectations of a similar increase. A quarter-on-quarter analysis suggests that economic growth is stabilizing, as the three-month moving average of economic activity expanded 1.3% in seasonally adjusted terms in the three months to May, unchanged from the February-April pace. The IBC-BR is highly correlated to the GDP series and thus represents a good proxy for economic growth. On an annual basis, economic activity expanded 4.2% in May, up from the 2.5% increase tallied in April. Nonetheless, the trend continues to point downwards, with annual average growth falling from 5.7% in April to 5.3% in May.
Brazil Economic Activity
Economic activity slows in May
July 13, 2011
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Brazil Economic News
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.