Brazil Economic Activity November 2018

Brazil

Brazil: Economic activity edges up in November

January 17, 2019

In November, economic activity increased 0.3% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The result was above October’s flat growth.

On an annual basis, economic activity expanded a 1.9% in November, down from October’s 2.9%. Annual average growth in economic activity fell from October’s 1.5% to 1.4%.

Brazil GDP Forecast


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, Lead Economist

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Brazil Economic Activity Chart


Brazil Economic Activity November 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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