Brazil Economic Activity December 2020

Brazil

Brazil: Economic activity logs worst reading in eight months in December

February 12, 2021

Economic activity grew 0.6% month-on-month in seasonally-adjusted terms in December (November: +0.7% mom). The figure marked the worst reading since April.

On an annual basis, economic activity rose 1.3% in December, contrasting November’s 0.8% dip and marking the best result since October 2019. Meanwhile, the trend was unchanged, with the annual average variation of economic activity coming in at November's minus 4.1%.

LatinFocus Consensus Forecast panelists project GDP to grow 3.5% in 2021, which is unchanged from last month. For 2022, the panel sees GDP expanding 2.5%.


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Brazil Economic Activity December 20 20

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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