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