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October 11, 2023
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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
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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.

October 02, 2023
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Brazil PMI Manufacturing 49.0 in Sep-23

- The Brazil PMI Manufacturing for September 2023 dropped by 1.1 points to 49.0, indicating a decline in manufacturing activity and reaching its lowest level since July 2023.
- Despite the decline, the current reading is 1.67 points above the one-year average, suggesting that the manufacturing sector is still relatively resilient.

September 29, 2023
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Brazil Unemployment Rate % 7.8% in Aug-23

- The unemployment rate in Brazil decreased slightly to 7.8% in August 2023, compared to the previous month's rate of 7.9%.
- Despite positive economic growth indicators, the unemployment rate in Brazil remains elevated, indicating a lag in labor market recovery.

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