In March, economic activity expanded a seasonally adjusted 0.5% 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 represented an improvement over the revised 0.4% increase registered in February (previously reported: +0.3% month-on-month). A quarter-on-quarter comparison suggests that economic growth continues to gather pace in the first quarter of the year, as the three-month moving average expanded 1.3% in seasonally adjusted terms, up from the 1.0% observed in the December-February period. The IBC-Br is highly correlated with the GDP series. On an annual basis, economic activity decelerated notably, expanding 1.5% in March, down from the 7.0% increase observed in February. The deceleration reflected the higher comparison base of March 2010, when economic activity surged 11.3%. Accordingly, the trend continued to point downwards, with annual average growth moderating from 7.3% in February to 6.5% in March. As inflationary pressures continue to persist, with inflation remaining above the 4.5% target, policymakers face the difficult task of bringing the Brazilian economy back onto a more sustainable path of economic growth.
Economic growth picks up in March
May 18, 2011
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
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.