Consumption in Brazil
Brazil - Consumption
Growth slips through last year-end
Fourth-quarter national accounts revealed that Brazil’s two-year-old economic recovery stumbled through last year-end. Economic growth is estimated to have come in at a seasonally-adjusted 0.1% quarter-on-quarter, down from the third quarter’s 0.5% quarter-on-quarter outturn and well below analysts’ expectations.
Domestically, fixed investment fell sharply from a quarter earlier (Q4: -2.5% quarter-on-quarter s.a.; Q3: +5.5% qoq s.a.) amid plunging inventories and higher borrowing costs. Moreover, government spending fell (Q4: -0.3% qoq s.a.; Q3: +0.3% qoq s.a). Household spending, meanwhile, largely held up (Q4: +0.4% qoq s.a.; Q3: +0.5% qoq s.a) in line with the improving labor market and despite election-year political wrangling.
On the external front, growth of exports of goods and services moderated considerably (Q4: +3.6% qoq s.a.; Q3: +6.3% qoq s.a) amid regional tumult and an increasingly challenging economic backdrop. Imports of goods and services, on the other hand, contracted sharply (Q4: -6.6% qoq s.a.; Q3: +9.4% qoq s.a) in line with fewer receipts of machinery and equipment.
On an annual basis, growth slowed to 1.1% from 1.3% a quarter earlier.
LatinFocus Consensus Forecast panelists see growth at 2.4% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees the economy growing 2.5%.
Brazil - Consumption Data
|Consumption (annual variation in %)||3.5||2.3||-3.2||-4.3||1.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||9.06||-0.82 %||Jan 30|
|Exchange Rate||3.69||-0.13 %||Jan 30|
|Stock Market||96,996||-0.11 %||Jan 30|
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April 15, 2019
In February, economic activity decreased 0.7% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
April 11, 2019
Consumer prices rose 0.75% in March over the previous month, accelerating from February’s 0.32% increase and overshooting expectations of a softer 0.63% rise.
April 3, 2019
Industrial production gained steam in February, jumping 0.7% month-on-month in seasonally-adjusted terms.
April 1, 2019
Conditions in Brazil’s manufacturing sector appear to have weakened somewhat in March.
April 1, 2019
Business sentiment in Brazil weakened at the end of Q1, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 97.2 points from 99.0 points in March.