Brazil Economic Activity

Brazil

Brazil: Economic activity rebounds in March

May 16, 2013

In March, economic activity rose 0.7% 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 the 0.4% decline observed in February but slightly undershot market expectations of a 0.8% increase.

On an annual basis, economic activity expanded 1.2% in March, which was above the 0.4% increase tallied in February. The trend remains stable, however, with annual average growth remaining unchanged at 0.9% in March. The IBC-Br is highly correlated to the GDP series and thus represents a good proxy for economic growth.

The Central Bank expects GDP to grow 3.1% in 2013, according to its Inflation Report from March. LatinFocus Consensus Forecast panellists expect the economy to also expand 3.1% in 2013, which is down 0.1 percentage points from last month's estimate. For 2014, the panel sees GDP growth accelerating to 3.6%.


Author:,

Sample Report

Looking for forecasts related to Economic Activity in Brazil? Download a sample report now.

Download

Brazil Economic Activity Chart


Brazil Economic Activity March 2013

Note: Month-on-month (s.a.) and annual average growth of the IBC-Br (Indice de Atividade Economica do Banco Central).
Source: Central Bank of Brazil.


Brazil Economic News

  • 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).

    Read more

  • Brazil: Retail sales disappoint in November

    January 15, 2020

    Retail sales, excluding cars and construction, increased 0.6% from the previous month in seasonally-adjusted terms in November, up from October’s 0.1% increase but notably underwhelming market analysts who had expected Black Friday sales to boost growth to 1.2%. The uptick in November was driven by stronger furniture and appliance spending—boosted by Black Friday promotions—and increased pharmaceutical and medical sales.

    Read more

  • Brazil: Inflation jumps in December

    January 10, 2020

    Consumer prices jumped 1.15% in December over the previous month, up from November’s 0.51% increase.

    Read more

  • Brazil: Industrial output declines in November

    January 9, 2020

    Industrial production fell 1.2% month-on-month in seasonally-adjusted terms in November, contrasting October’s upwardly revised 0.8% increase (previously reported: +0.3% month-on-month).

    Read more

  • Brazil: Manufacturing PMI ticks down in December

    January 2, 2020

    Conditions in Brazil’s manufacturing sector improved at the weakest pace in five months in December, with the manufacturing Purchasing Managers’ Index (PMI) edging down to 50.2 from 52.9 in November.

    Read more

More news

Search form