Brazil: Economic activity remains broadly stable in September
Economic activity dropped 0.3% in month-on-month seasonally-adjusted terms in September, which followed August’s 0.3% decrease. The print was roughly in line with market analysts estimates.
On an annual basis, economic activity grew 1.5% in September, which was significantly below August’s 4.7% expansion and marked the lowest result since February. Meanwhile, annual average economic activity growth rose to 4.2% in September (August: +4.0%), signaling an improving trend in activity.