Brazil Economic Activity September 2020

Brazil

Brazil: Economic activity cools in September

November 13, 2020

Economic activity rose 1.3% month-on-month in seasonally-adjusted terms in September, down slightly from August’s 1.4% increase and marking the worst reading since April..

On an annual basis, economic activity fell 0.8% in September, a less pronounced decrease than August’s 3.9% fall and marking the best result since February. Meanwhile, the trend pointed down, with the annual average variation of economic activity coming in at minus 3.3% in September, down from August's minus 3.1% reading.

LatinFocus Consensus Forecast panelists project GDP to grow 3.4% in 2021, which is down 0.1 percentage points from last month. For 2022, the panel sees GDP expanding 2.5%.


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Brazil Economic Activity September 20 20

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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