Brazil Economic Activity November 2019


Brazil: Economic activity quickens slightly in November

January 16, 2020

Economic activity rose 0.2% in seasonally-adjusted month-on-month terms in November, up from October’s revised 0.1% increase (previously reported: +0.2% month-on-month).

On an annual basis, economic activity eased to 1.1% in November from October’s revised 2.0% (previously reported: +2.1% year-on-year), while annual average growth in economic activity edged down to 0.9% from 1.0%.

Looking ahead, economic output is expected to gain some impetus on the back of a looser monetary stance, which should in part fuel fixed investment. Moreover, a tighter labor market and government measures aimed at increasing households’ disposable income should support consumer spending.

In November, the analysts surveyed for this month’s LatinFocus Consensus Forecast expected the economy to grow 2.1% in 2020, which was up 0.1 percentage points from last month’s estimate. For 2021, the panel of analysts saw GDP rising 2.5%. New forecasts will be released on 21 January.

Author:, Economist

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Brazil Economic Activity Chart

Brazil Economic Activity November 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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