Trade Balance in Brazil
Brazil - Trade BalanceGrowth picked up somewhat in Q1 according to recent data, underpinned by a strong positive contribution from the external sector, as exports of goods and services rose sharply. In contrast, private consumption growth was unchanged from Q4, while government consumption growth slowed and fixed investment contracted at the fastest pace since Q2 2021. Investment was likely restrained by higher interest rates and inflation, and political uncertainty ahead of the October general elections. Turning to Q2, available data suggests the economy continues to expand amid fiscal support and as the impact of the pandemic fades, with the manufacturing and services PMIs averaging higher in April–May relative to Q1, and the unemployment rate falling to a fresh multi-year low in April. That said, tighter monetary conditions and double-digit inflation will likely be weighing on activity somewhat.
Brazil - Trade Balance Data
|Trade Balance (USD billion)||19.5||47.6||67.0||58.0||48.0|
5 years of economic forecasts for more than 30 economic indicators.
Brazil Trade Balance Chart
Source: Central Bank of Brazil.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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February 1, 2023
The S&P Global Manufacturing Purchasing Managers’ Index (PMI) reversed a seven-month-long streak of declines and rose to 47.5 in January from December’s 31-month low of 44.2.
January 25, 2023
The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) fell to 85.8 in January from December's 88.0.
January 13, 2023
Economic activity dropped 0.6% month on month in seasonally adjusted terms in November, which was a deterioration from October’s 0.3% decline.
January 11, 2023
Retail sales dropped 0.6% month on month in seasonally-adjusted terms in November (October: +0.3% mom).
January 10, 2023
Inflation dropped for a sixth consecutive month in December; it came in at 5.8%, marginally below November’s 5.9%.