Brazil Economic Activity April 2019


Brazil: Economic activity drops for fourth month in a row in April

June 14, 2019

In April, economic activity decreased 0.5% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity. The result followed March’s 0.3% drop and marked the fourth consecutive fall. The reading notably contrasted analysts’ predictions of a 0.2% increase and suggests that the first quarter’s weak momentum have carried over into the second quarter.

On an annual basis, economic activity contracted 0.6%, which a smaller drop than March’s revised 2.4% (previously reported: -2.5% year-on-year). Annual average growth in economic activity fell from March’s 1.1% to 0.7% in April.

Brazil GDP Forecast

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 1.4% in 2019, which is unchanged from last month’s estimate. For 2020, the panel of analysts sees GDP rising 2.3%.


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Brazil Economic Activity Chart

Brazil Economic Activity April 2019 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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