The city on the beach in Brazil

Brazil Economic Activity March 2023

Brazil: Economic growth falters in March

The Brazilian economy stumbled at the end of the first quarter: Economic activity declined 0.1% month on month in seasonally adjusted terms. The downturn, which was smaller than the 0.3% forecasted contraction, was a marked deterioration from the 2.5% increase tallied in February.

On an annual basis, economic activity growth soared to 5.5% in March, nearly doubling the prior month’s 2.8% expansion. Consequently, the trend improved, with annual average growth in economic activity coming in at 3.3% in March, up from February’s 3.1% reading.

Meanwhile, retail sales posted a stronger-than-expected 0.8% expansion in seasonally adjusted month-on-month terms in March, improving from the prior month’s flat reading. Additionally, industrial output grew 1.1% month-on-month in seasonally adjusted terms in March, improving notably from February’s 0.2% decline.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest