Brazil Economic Activity February 2022

Brazil

Brazil: Economic activity bounces back in February

May 2, 2022

Economic activity increased 0.3% in month-on-month seasonally-adjusted terms in February, which contrasted January's 0.7% decrease. That said, the result came in below market expectations of a 0.5% rise.

On an annual basis, economic activity rose at a quicker rate of 0.7% in February (January: +0.2% yoy). Meanwhile, the trend was unchanged, with annual average growth of economic activity coming in at January’s 4.8% in February.

LatinFocus Consensus Forecast panelists project GDP to grow 0.6% in 2022, which is unchanged from last month. For 2023, the panel sees GDP expanding 1.5%.


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Brazil Economic Activity February 2022 0

Note: Month-on-month changes of seasonally adjusted IBC-Br (Indice de Atividade Economica do Banco Central) and annual average growth rate in %.
Source: Central Bank of Brazil.


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