Brazil Economic Activity


Brazil: Economic activity drops in March

May 22, 2015

In March, economic activity fell 1.1% over the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The figure contrasted February’s 0.6% increase and was below market expectations of a 0.5% fall. In addition, March’s result marked a nine-month low.

On an annual basis, economic activity rose 0.5%, which contrasted February’s 4.1% contraction. Meanwhile, annual average growth remained unchanged at February’s minus 1.3%.

LatinFocus Consensus Forecast panelists expect the economy to contract 1.0% in 2015, which is down 0.1 percentage points from last month’s estimate. For 2016, the panel sees GDP growing 1.1%.

Author: Angela Bouzanis, Senior Economist

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Brazil Economic Activity Chart

Brazil Economic Activity March 2015

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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