Brazil Economic Activity July 2021

Brazil

Brazil: Economic activity growth dips in July

September 15, 2021

Economic activity increased 0.6% in month-on-month seasonally-adjusted terms in July, which followed June's 0.9% increase. The print beat market analysts’ estimates, who had expected a 0.4% rise.

On an annual basis, economic activity rose at a more moderate pace of 5.5% in July (June: +9.0% yoy), which marked a four-month low. Meanwhile, annual average economic activity growth rose to 3.3% in July (June: +2.4%), signaling an improving trend in the sector.

LatinFocus Consensus Forecast panelists project GDP to grow 5.0% in 2021, which is up 0.1 percentage points from last month. For 2022, the panel sees GDP expanding 2.2%.


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Brazil Economic Activity July 2021 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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