In September, economic activity expanded a seasonally adjusted 0.7% over the previous month, according to the Central Bank's monthly indicator for economic activity (IBC-Br, indice do Banco Central) which was above the flat reading registered in August. Based on the monthly figures, the Brazilian economy expanded a seasonally adjusted 0.3% in the third quarter. The result suggests that GDP growth has moderated markedly in the third quarter compared to the 1.2% expansion recorded in the second quarter, as the IBC-Br is highly correlated to the GDP series. On an annual basis, economic activity expanded 6.4% in September. Despite the moderation compared to August's 6.7% year-on-year expansion, annual average growth improved from 7.4% to 8.0% in September. The Central Bank expects the economy to expand 7.3% this year.
Brazil Economic Activity
Economic activity slows markedly in third quarter
November 17, 2010
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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.