Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market 170507.00 167808 159008 154531 150188
Currency 5.19 5.15 5.05 5.01 4.96
Government Bond 10Y (%) 14.37 14.8 14.52 14.37 14.22

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.10 0.3 0.1 1 0.2
GDP Annual Growth Rate (%) 1.80 1.4 1.8 1.9 2.3
Unemployment Rate (%) 5.80 6 6.5 6.4 6.2
Inflation Rate (%) 4.72 4.5 4.8 5.3 4.5
Inflation Rate MoM (%) 0.58 0.4 0.3 0.1 0
Interest Rate (%) 14.25 14.25 14 13.75 13
Balance of Trade (USD Million) 7823.20 9100 8600 9500 8700
Current Account (USD Million) -1770.00 -3000 -4500 -5800 -3900
Services PMI (points) 50.40 51.6 52 51 51.5
Business Confidence (points) 46.70 46.5 47.9 47.5 48
Manufacturing PMI (points) 49.10 49.5 50.1 52 51
Retail Sales MoM (%) -1.50 0.3 -0.5 0.8 0.1
Current Account to GDP (% of GDP) -3.02 -2.2
Government Debt to GDP (% of GDP) 78.64 83.5
Government Budget (% of GDP) -8.30 -8.8

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 1.10 0.3 0.1 1 0.2
GDP Annual Growth Rate (%) 1.80 1.4 1.8 1.9 2.3
GDP Constant Prices (BRL Million) 343338.20 349312 356943 347004 351235
Gross National Product (BRL Million) 3149651.00 3155252 3176601 3225456 3222093
Gross Fixed Capital Formation (BRL Million) 63798.20 64701 68590 64118 65266
GDP from Mining (BRL Million) 2981.10 2909 3158 3132 3050
GDP from Agriculture (BRL Million) 33593.31 31176 24504 15519 34366
GDP from Public Administration (BRL Million) 40848.12 41601 42221 41851 41788
GDP from Manufacturing (BRL Million) 28145.25 30485 32905 30372 28793
GDP from Construction (BRL Million) 16772.07 17100 17960 17152 17158
GDP from Utilities (BRL Million) 8341.67 8358 7989 8245 8534
GDP from Transport (BRL Million) 8612.21 9053 9635 9276 8810
GDP from Services (BRL Million) 206101.16 210082 216870 218559 210841
GDP (USD Billion) 2179.41 2480
GDP per Capita (USD) 9564.58 9746
GDP per Capita PPP (USD) 19647.91 20021
Full Year GDP Growth (%) 2.30 1.9

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 5.80 6 6.5 6.4 6.2
Employed Persons (Million ) 102.33 103 104 104 103
Labour Costs (points) 172.74 148 156 145 181
Wages (BRL/Month) 3732.00 3647 3647 3724 3748
Wages in Manufacturing (BRL/Month) 3542.00 3592 3642 3673 3700
Non Farm Payrolls (Thousand ) 85.89 120 90 170 80
Productivity (points) 96.70 97.1 98.5 91.5 94
Population (Million) 213.42 214

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 4.72 4.5 4.8 5.3 4.5
Inflation Rate MoM (%) 0.58 0.4 0.3 0.1 0
Consumer Price Index CPI (points) 7640.15 7642 7712 7796 7885
Core Inflation Rate (%) 4.46 4.5 4.7 4.9 4.5
Producer Prices (points) 173.43 170 171 170 174
Export Prices (points) 172.15 159 156 155 154
Import Prices (points) 133.54 124 123 125 121
Food Inflation (%) 3.87 3 4.3 5.5 5
IPC-Fipe Inflation MoM (%) 0.45 0.3 0.3 -0.1 0.2
Producer Price Inflation MoM (%) 2.63 0.2 0.5 -0.2 0.3
Mid-month Inflation Rate YoY (%) 4.64 4.8 4 3.6 3.9
IGP-M Inflation MoM (%) 0.84 1.7 0.3 0.5 -0.1
Mid-month Inflation Rate MoM (%) 0.62 0.4 0.3 0.3 -0.1
CPI Transportation (points) 7173.94 7203 7224 7231 7231
CPI Housing Utilities (points) 12834.59 12750 13166 13214 13168
Producer Prices Change (%) 1.07 1.8 2.9 3.2 3
GDP Deflator (%) 5.80 4.7

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 14.25 14.25 14 13.75 13
Money Supply M2 (BRL Million) 7455567.00 72940000 73200000 73600000 73780000
Loans to Private Sector (BRL Million) 1098407.00 973611 1021958 1083190 1115194

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (USD Million) 7823.20 9100 8600 9500 8700
Current Account (USD Million) -1770.00 -3000 -4500 -5800 -3900
Imports (USD Million) 24080.80 25100 24200 23400 22800
Exports (USD Million) 31904.00 34200 32800 32900 31500
Terms of Trade (points) 128.91 128 127 124 127
Foreign Direct Investment (USD Million) 8910.00 5800 4900 800 7000
Crude Oil Production (BBL/D/1K) 4061.01 4120 4250 4400 4310
Current Account to GDP (% of GDP) -3.02 -2.2
Tourist Arrivals (Thousand) 6774.00 7095

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Gross Debt to GDP (% of GDP) 80.40 79.5 78.9 81 82
Government Debt to GDP (% of GDP) 78.64 83.5
Government Budget (% of GDP) -8.30 -8.8

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Services PMI (points) 50.40 51.6 52 51 51.5
Business Confidence (points) 46.70 46.5 47.9 47.5 48
Manufacturing PMI (points) 49.10 49.5 50.1 52 51
Composite PMI (points) 49.50 51 50.5 52 52.4
Industrial Production Mom (%) 0.70 0.3 0.3 0.5 0
Industrial Production (%) 2.70 -0.8 1.2 2 0.5
Manufacturing Production (%) 1.20 2.6 2.2 -1.5 -1
Car Registrations (Units) 248300.00 218000 248000 291000 264000
Car Production (Units) 253600.00 215329 248760 181707 260964
Leading Economic Index (%) 0.50 1 0.8 0.5 0.6

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) -1.50 0.3 -0.5 0.8 0.1
Retail Sales YoY (%) 1.00 2.2 1.9 3 2.3
Consumer Spending (BRL Million) 229985.47 232516 239809 244327 235275
Consumer Credit (BRL Million) 4563000.00 4136745 4099400 3907845 4075740
Bank Lending Rate (%) 63.00 62.75 62.5 62.25 61.5
Gasoline Prices (USD/Liter) 1.30 1.72 1.48 1.23 1.26
Economic Optimism Index (points) 88.70 90 89 93 91.5

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 183.29 183 187 190 191