In the fourth quarter, GDP increased 0.3% over the previous quarter in seasonally adjusted terms, which contrasted the revised 0.1% drop observed in the third quarter (previously reported: 0.0% quarter-on-quarter). Compared to the same quarter last year, the economy added 1.4%, down from the 2.1% increase tallied in the third quarter and below market expectations of a 1.6% rise. In the full year 2011, the economy expanded 2.7%, well below the 7.5% increase observed in 2010. The fourth quarter figure mainly benefited from stronger consumption of Brazilian households. Private consumption rebounded from a 0.1% contraction in the third quarter to a 1.1% increase in the fourth. Government consumption rose 0.4% in the fourth quarter, contrasting the 0.8% contraction in the third. Finally, fixed investment added 0.2% (Q3: -0.4% qoq). On the external side of the economy, exports of goods and services increased 1.8% in the fourth quarter (Q3: +1.9% qoq) while imports rebounded from a 0.5% decline in the third quarter to a 2.6% expansion in the fourth. The Central Bank expects GDP to grow 3.5% in 2012.
Economy slows substantially in 2011
March 6, 2012
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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.