Brazil Economic Activity January 2019


Brazil: Economic activity contracts in January

March 18, 2019

In January, economic activity decreased 0.4% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The result contrasted December’s 0.2% expansion and marked an eight-month low.

On an annual basis, economic activity expanded 0.8% in January, notably above from December’s 0.3%. Annual average growth in economic activity inched down to 1.0% in January, below December’s 1.1%.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 2.4% in 2019, which is unchanged from last month’s estimate. For 2020, the panel of analysts sees GDP rising 2.5%.


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Brazil Economic Activity Chart

Brazil Economic Activity January 2019

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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