Brazil: Economic activity quickens slightly in November
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.