Brazil Economic Activity September 2016

Brazil

Brazil: Economic activity expands in September

November 18, 2016

In September, economic activity expanded 0.2% 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 1.0% fall and marked the best reading in three months. The result was in line with market analysts’ expectations.

On an annual basis, economic activity fell 3.7% in September, which was a deterioration compared to August’s 2.6% fall. Meanwhile, the trend improved and annual average variation in economic activity came in at minus 5.2%, up from August’s minus 5.5%.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to contract 3.2% in 2016, which is unchanged from last month’s estimate. For 2017, the panel of analysts sees GDP rising 1.0%, which is also unchanged from last month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Brazil Economic Activity September 2016

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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