In April, economic activity expanded a seasonally adjusted 0.4% 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 a slight moderation compared to the 0.5% increase registered in March. That said, analysts expected a much weaker result due to the sharp industrial production contraction registered in April. A quarter-on-quarter analysis shows that economic growths stabilised over April, as the three-month moving average expanded 1.3% in seasonally adjusted terms in the three months to April, unchanged from the January-March 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 2.5% in April, up from the 1.5% increase observed in March. Nonetheless, the trend continued to point downwards, with annual average growth plummeting from 6.5% in March to 5.7% in April.
Economic growth remains robust in April
June 15, 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.