Brazil: Economic activity recovers in April
Latest reading: Economic activity—a proxy for GDP—rose 0.5% on a seasonally adjusted month-on-month basis in April, following a 0.2% fall in the prior month.
Relative to the prior month’s data, readings in April improved for the agricultural sector (0.0% on a seasonally adjusted month-on-month basis vs -0.1% in March), the industrial sector (+0.4% vs +0.1% in March) and the services sector—which accounts for roughly 60% of GDP—(+0.3% vs -0.5% in March).
In annual terms, economic activity rose 0.9% in April, following a 3.3% rise in the previous month.