October 31, 2023

Brazil Unemployment Rate % 7.7% (consensus 7.7%) in Sep-23

- Brazil's unemployment rate in September 2023 decreased slightly to 7.7% from the previous rate of 7.8%, as expected.
- The current unemployment rate is below both the average rate of the past year and the long-run average, indicating some progress in reducing unemployment.

October 20, 2023

Brazil Economic Activity Growth -0.77% m-o-m (consensus -0.3%) in Aug-23

- Brazil's economic activity growth declined by 0.77% m-o-m in August 2023, marking the lowest growth rate since May 2023.
- The current growth rate is 0.87 pp below the one-year average, indicating a significant slowdown in economic activity.

October 11, 2023

Brazil IPCA Inflation 5.19% y-o-y (consensus 5.27%) in Sep-23

- Brazil's IPCA inflation rate rose to 5.19% year-on-year in September 2023, marking the highest growth since February 2023 but undershooting the 5.27% consensus.
- In comparison to historical averages, the current rate is 0.25 percentage points higher than the one-year average and 2.46 percentage points below the long-term average.

October 04, 2023

Brazil PMI Services 48.7 in Sep-23

- The Brazil PMI Services index recorded a contraction in September 2023, with a reading of 48.7, indicating a slowdown compared to the previous month.
- The index also fell below the one-year average of 2.99, suggesting a weaker performance relative to the past year.