Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market 184760.00 184027 177409 172651 168024
Currency 4.89 4.96 4.9 4.86 4.81
Government Bond 10Y (%) 13.85 13.8 13.61 13.48 13.34

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.10 0.3 0.1 1 0.2
GDP Annual Growth Rate (%) 1.80 1 0.8 2.2 2.6
Unemployment Rate (%) 6.10 6 6.5 6.4 6.2
Inflation Rate (%) 4.14 4.6 4.8 4.9 4.6
Inflation Rate MoM (%) 0.88 0.2 0.3 0.1 0
Interest Rate (%) 14.50 14.5 14.25 14.25 14
Balance of Trade (USD Million) 10537.23 6100 4641 9500 7700
Current Account (USD Million) -6040.00 -3000 -4500 -5800 -3900
Business Confidence (points) 45.20 46.5 47.9 47.5 48
Services PMI (points) 52.30 51.6 52 51 51.5
Manufacturing PMI (points) 52.60 49.5 50.1 52 51
Retail Sales MoM (%) 0.60 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 (%) 0.10 0.3 0.1 1 0.2
GDP Annual Growth Rate (%) 1.80 1 0.8 2.2 2.6
GDP Constant Prices (BRL Million) 340533.46 347934 353436 348025 349387
Gross National Product (BRL Million) 3165315.00 3142805 3145396 3234952 3247613
Gross Fixed Capital Formation (BRL Million) 62922.44 64446 67917 64307 64558
GDP from Manufacturing (BRL Million) 29805.85 30364 32582 30462 30581
GDP from Public Administration (BRL Million) 41070.92 41437 41806 41974 42139
GDP from Services (BRL Million) 214483.62 209254 214739 219202 220060
GDP from Transport (BRL Million) 9102.57 9017 9541 9303 9339
GDP from Utilities (BRL Million) 8091.57 8325 7910 8270 8302
GDP from Agriculture (BRL Million) 15229.26 31053 24263 15564 15625
GDP from Construction (BRL Million) 16832.12 17033 17784 17202 17270
GDP from Mining (BRL Million) 3073.29 2898 3127 3141 3153
GDP (USD Billion) 2179.41 2480
GDP per Capita (USD) 9564.58 9727
GDP per Capita PPP (USD) 19647.91 19982
Full Year GDP Growth (%) 2.30 1.7

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 6.10 6 6.5 6.4 6.2
Employed Persons (Million ) 101.98 103 104 104 103
Labour Costs (points) 186.68 169 179 164 195
Wages (BRL/Month) 3679.00 3647 3647 3724 3748
Productivity (points) 91.10 97.1 98.5 91.5 94
Non Farm Payrolls (Thousand ) 228.21 120 90 170 80
Wages in Manufacturing (BRL/Month) 3567.00 3531 3577 3594 3731
Population (Million) 213.42 214

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 4.14 4.6 4.8 4.9 4.6
Inflation Rate MoM (%) 0.88 0.2 0.3 0.1 0
Consumer Price Index CPI (points) 7545.53 7649 7712 7766 7893
Core Inflation Rate (%) 4.46 4.5 4.7 4.9 4.5
Producer Prices (points) 169.15 167 171 170 174
Export Prices (points) 166.63 159 156 155 154
Import Prices (points) 128.87 124 123 125 121
Food Inflation (%) 2.14 3 4.3 5.5 5
IPC-Fipe Inflation MoM (%) 0.40 0.1 0.3 -0.1 0.2
Mid-month Inflation Rate MoM (%) 0.89 0.2 0.3 0.3 -0.1
Producer Price Inflation MoM (%) 2.37 0.2 0.5 -0.2 0.3
IGP-M Inflation MoM (%) 2.73 0.7 0.3 0.5 -0.1
Mid-month Inflation Rate YoY (%) 4.37 4.3 4 3.6 3.9
Producer Prices Change (%) -1.54 -0.2 2.9 3.2 3
CPI Housing Utilities (points) 12600.52 12762 13166 13164 13180
CPI Transportation (points) 7202.77 7217 7239 7246 7246
GDP Deflator (%) 5.80 4.7

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 14.50 14.5 14.25 14.25 14
Money Supply M2 (BRL Million) 7370802.00 72940000 73200000 73600000 73780000
Loans to Private Sector (BRL Million) 1088829.00 969771 1011919 1086379 1117139

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (USD Million) 10537.23 6100 4641 9500 7700
Current Account (USD Million) -6040.00 -3000 -4500 -5800 -3900
Imports (USD Million) 23610.90 25100 24200 23400 22800
Exports (USD Million) 34148.10 31200 28841 32900 30500
Terms of Trade (points) 129.30 128 127 124 127
Foreign Direct Investment (USD Million) 6040.00 5800 4900 800 7000
Crude Oil Production (BBL/D/1K) 4014.83 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) 80.10 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
Business Confidence (points) 45.20 46.5 47.9 47.5 48
Services PMI (points) 52.30 51.6 52 51 51.5
Manufacturing PMI (points) 52.60 49.5 50.1 52 51
Composite PMI (points) 52.40 51 50.5 52 52.4
Industrial Production (%) 4.30 -0.8 1.2 2 0.5
Industrial Production Mom (%) 0.10 0.7 0.3 0.5 0
Manufacturing Production (%) 4.20 2.6 2.2 -1.5 -1
Car Production (Units) 264000.00 215329 248760 181707 261360
Car Registrations (Units) 269500.00 218000 248000 291000 264000
Leading Economic Index (%) 0.60 1 0.8 0.5 0.6

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) 0.60 0.3 -0.5 0.8 0.1
Retail Sales YoY (%) 0.20 2.2 1.9 3 2.3
Consumer Spending (BRL Million) 239771.33 231599 237453 245046 246005
Consumer Credit (BRL Million) 4529900.00 4136745 4099400 3907845 4075740
Bank Lending Rate (%) 61.50 61.5 61.25 61.25 61
Economic Optimism Index (points) 89.10 90 89 93 91.5
Gasoline Prices (USD/Liter) 1.34 1.72 1.48 1.23 1.26

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 182.35 183 187 189 191