Brazil Economic Activity April 2015


Brazil: Economic activity records zero growth in April

June 16, 2016

In April, economic activity recorded zero growth 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 result was a slight improvement from March’s 0.4% contraction but worse than market analysts’ expectations of 0.3% growth. The print marked the end of over one year of falling activity as the economy lingers in recession.

On an annual basis, economic activity plummeted 5.0%, which was an improvement compared to March’s revised 6.4% fall (previously reported: -6.3% year-on-year). Meanwhile, annual average growth inched down from March’s minus 5.3% to minus 5.4%, which marked a multi-year low.

The analysts surveyed for this month’s LatinFocus Consensus Forecast expect the economy to contract 3.4% in 2016, which is unchanged from last month’s estimate. For 2017, the panel of analysts sees GDP rising 0.8%.

Author: Angela Bouzanis, Senior Economist

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Brazil Economic Activity Chart

Brazil Economic Activity April 2016 0

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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