Brazil Economic Activity September 2019


Brazil: Economic activity hits four-month high in September

November 15, 2019

Economic activity rose 0.4% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity. The result was above August’s revised 0.2% increase (previously reported: +0.1% month-on-month) and marked the best reading since May.

On an annual basis, economic activity jumped 2.1% in September, contrasting August’s 0.7% decrease. Meanwhile, annual average growth in economic activity edged up from 0.9% in August to 1.0% in September.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 2.0% in 2020, which is unchanged from last month’s estimate. For 2021, 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 September 2019

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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