Brazil Economic Activity February 2018

Brazil

Brazil: Economic activity rebounds in February

March 20, 2018

In February, economic activity increased 0.1% 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 January’s 0.6% contraction, but undershot market analysts’ expectations of a sharper 0.5% increase.

On an annual basis, economic activity rose 0.7% in February, which was notably below January’s 2.9% expansion and marked the slowest growth since June 2017. Annual average growth economic activity inched up from 1.2% in January to 1.3% in February, the best reading since July 2014.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to grow 2.5% in 2018, which is unchanged from last month’s estimate. For 2019, the panel of analysts sees GDP rising 2.8%.


Author: Angela Bouzanis, Lead Economist

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Brazil Economic Activity February 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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