Brazil Economic Activity June 2019

Brazil

Brazil: Economic activity decelerates in June

August 15, 2019

In June, economic activity increased 0.3% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity. The result followed May’s revised 1.1% increase (previously reported: +0.5% mom) which marked the first increase in 2019 and the strongest reading in 12 months.

On an annual basis, economic activity fell 1.8%, contrasting May’s revised 4.8% increase (previously reported: +4.4% year-on-year). Meanwhile, annual average growth in economic activity moderated from 1.4% in May to 1.1% in June.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 1.1% in 2019, which is unchanged from last month’s estimate. For 2020, the panel of analysts sees GDP rising 2.2%.


Author:, Economist

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Brazil Economic Activity Chart


Brazil Economic Activity June 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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