Brazil Economic Activity April 2018

Brazil

Brazil: Economic activity rebounds in April

June 15, 2018

In April, economic activity expanded 0.5% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The result contrasted March’s revised 0.6% contraction (previously reported: -0.7% month-on-month).

On an annual basis, economic activity grew 3.7% in April, contrasting March’s 0.6% fall. Annual average growth in economic activity rose from 1.1% in March to 1.5% in April.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 2.1% in 2018, which is unchanged from last month’s estimate. For 2019, the panel of analysts sees GDP rising 2.7%.


Author:, Economist

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Brazil Economic Activity April 2018

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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