Brazil: Economic activity growth moderates further in November
January 18, 2021
Economic activity increased 0.6% in month-on-month seasonally-adjusted terms in November, which followed October's 0.8% increase and marked the worst reading since April.
On an annual basis, economic activity dropped 0.8% in November, moderating notably from October’s 2.8% fall and marking the best result since February. Meanwhile, the trend pointed down, with the annual average variation of economic activity coming in at minus 4.2% in November, down from October's minus 4.0%.