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December 12, 2023
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Brazil IPCA Inflation 4.68% y-o-y (consensus 4.7%) in Nov-23

- Brazil's November 2023 IPCA inflation rate of 4.68% y-o-y was broadly in line with the consensus expectation as it slowed back to the lowest since August 2023.
- This pace is also in line with the 1-year average, indicating predictable stability.

December 05, 2023
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Brazil GDP Growth 2.0% y-o-y (consensus 1.9%) in Q3-23

- Brazil's GDP growth in Q3-23 registered a y-o-y increase of 2.0%, the lowest since Q4-22, on a quarterly growth of just 0.1%.
- Although the pace is 0.83 pp below the one-year average and 1.78 pp below the long-run average, signalling a persistent challenge in Brazil's economic performance, it was less bad than expected.

December 05, 2023
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Brazil Consumer Credit Growth 0.1% m-o-m in Oct-23

- Brazil's consumer credit growth slowed to 0.1% month-on-month in October 2023, marking the lowest growth rate since July 2023.
- The current growth rate is 0.46 percentage points below the one-year average and 0.86 percentage points under the long-run average, indicating a deviation from the usual trend and potential strains on consumer borrowing and spending.

November 30, 2023
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Brazil Unemployment Rate 7.6% (consensus 7.7%) in Oct-23

- The unemployment rate in Brazil for October 2023 reached 7.6%, slightly lower than the consensus forecast of 7.7%.
- The current unemployment rate is 0.53 percentage points below the one-year average and 2.92 percentage points below the long-run average.

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