Brazil Economic Activity September 2018

Brazil

Brazil: Economic activity drops in September

November 16, 2018

In September, economic activity decreased 0.1% from 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 result contrasted August’s 0.5% increase and marked the first contraction in four months.

On an annual basis, economic activity grew 1.4% in September unchanged from August’s reading. Annual average growth in economic activity, however, fell sharply to 0.7% from August’s 2.3%

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 2.3% in 2019, which is unchanged from last month’s estimate. For 2020, the panel of analysts sees GDP rising 2.5%.


Author: Angela Bouzanis, Senior Economist

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Brazil Economic Activity September 2018

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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