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.