The city on the beach in Brazil

Brazil Economic Activity June 2023

Brazil: Activity returns to growth in June

The Brazilian economy ended the second quarter on a sweeter note: Activity returned to growth and posted a 0.6% month-on-month seasonally adjusted expansion in June. The upturn, which was an improvement from May’s whopping 2.1% monthly contraction, marginally overshot market expectations.

On an annual basis, economic activity growth eased to 2.1% in June, down from May’s 2.3% year-on-year increase. Accordingly, the trend pointed down, with annual average growth in economic activity coming in at 3.4% in June, down from May’s 3.5% reading.

Meanwhile, retail sales flatlined in seasonally adjusted month-on-month terms in June, improving from the 0.7% decline tallied in May. Conversely, industrial output contracted 0.6% month on month in seasonally adjusted terms in July, deteriorating from the prior month’s flat reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest