Brazil Economic Activity

Brazil

Brazil: Economic activity rebounds in February

April 15, 2015

In February, economic activity rose 0.4% over 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 figure contrasted January’s 0.1% decrease and beat market expectations of a 0.2% fall.

On an annual basis, economic activity fell 3.2%, which followed January’s 1.8% contraction. February’s result marked the largest contraction since July 2009. Meanwhile, annual average growth fell from minus 0.4% in January to minus 1.0% in February, continuing the downward trend in economic activity that prevailed for most of last year.

LatinFocus Consensus Forecast panelists expect the economy to contract 0.6% in 2015, which is down 0.5 percentage points from last month’s estimate. For 2016, the panel sees GDP growing 1.5%.


Author: Angela Bouzanis, Senior Economist

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Brazil Economic Activity Chart


Brazil Economic Activity February 2015

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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