Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market 172513.00 174617 167995 163207 158562
Currency 5.08 5.06 4.99 4.95 4.9
Government Bond 10Y (%) 14.57 14.67 14.47 14.32 14.17

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 1.10 0.1 1 0.2 0.7
GDP Annual Growth Rate (%) 1.80 1.8 2 2.3 2.1
Unemployment Rate (%) 5.40 6.5 6.4 6.2 6.8
Inflation Rate (%) 4.64 4.6 4.4 4.6 4
Inflation Rate MoM (%) 0.16 0.3 0.1 0 0
Interest Rate (%) 14.00 14 14 13.5 13
Balance of Trade (USD Million) 7070.00 4600 9500 5700 6000
Current Account (USD Million) -2330.00 -4500 -5800 -3900 -3900
Business Confidence (points) 44.40 47.9 47.5 48 48.5
Manufacturing PMI (points) 47.50 49.5 52 51 52.3
Services PMI (points) 49.70 51.1 51 51.5 51.9
Consumer Confidence (points) 88.30 89 93 91.5 91
Retail Sales MoM (%) 0.10 -0.5 0.8 0.5 -0.3
Current Account to GDP (% of GDP) -3.02 -2.1
Government Debt to GDP (% of GDP) 78.64 83.5
Government Budget (% of GDP) -8.30 -8.8

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 1.10 0.1 1 0.2 0.7
GDP Annual Growth Rate (%) 1.80 1.8 2 2.3 2.1
GDP Constant Prices (BRL Million) 343338.20 356943 347344 351235 350548
Gross National Product (BRL Million) 3149651.00 3176601 3228621 3222093 3215794
Gross Fixed Capital Formation (BRL Million) 63798.20 68590 64181 65266 65138
GDP from Construction (BRL Million) 16772.07 17960 17169 17158 17124
GDP from Utilities (BRL Million) 8341.67 7989 8253 8534 8517
GDP from Transport (BRL Million) 8612.21 9635 9285 8810 8793
GDP from Mining (BRL Million) 2981.10 3158 3135 3050 3044
GDP from Services (BRL Million) 206101.16 216870 218773 210841 210429
GDP from Public Administration (BRL Million) 40848.12 42221 41892 41788 41706
GDP from Manufacturing (BRL Million) 28145.25 32905 30402 28793 28736
GDP from Agriculture (BRL Million) 33593.31 24504 15534 34366 34299
GDP (USD Billion) 2279.92 2326
GDP per Capita (USD) 9748.00 9943
GDP per Capita PPP (USD) 20024.70 20425
Full Year GDP Growth (%) 2.30 2

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 5.40 6.5 6.4 6.2 6.8
Employed Persons (Million ) 103.06 104 104 103 103
Labour Costs (points) 176.14 156 143 181 183
Wages (BRL/Month) 3726.00 3647 3724 3748 3748
Wages in Manufacturing (BRL/Month) 3561.00 3660 3667 3729 3703
Non Farm Payrolls (Thousand ) 145.16 90 170 80 80
Productivity (points) 94.40 98.5 91.5 94 94
Population (Million) 213.42 214

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 4.64 4.6 4.4 4.6 4
Inflation Rate MoM (%) 0.16 0.3 0.1 0 0
Consumer Price Index CPI (points) 7652.37 7698 7729 7893 7958
Core Inflation Rate (%) 4.52 4.7 4.9 4.5 3.8
Producer Prices (points) 171.57 171 170 174 176
Export Prices (points) 171.42 156 155 154 154
Import Prices (points) 136.55 123 125 121 121
Food Inflation (%) 3.82 4 4.5 4.4 4.3
Mid-month Inflation Rate YoY (%) 4.52 4.7 3.6 3.9 3.9
IGP-M Inflation MoM (%) -1.16 0.3 0.5 -0.1 -0.1
Producer Price Inflation MoM (%) -0.77 0.5 -0.2 0.3 0.3
IPC-Fipe Inflation MoM (%) -0.03 0.3 -0.1 0.2 0.2
Mid-month Inflation Rate MoM (%) 0.06 0.3 0.3 -0.1 -0.1
CPI Housing Utilities (points) 12915.45 13141 13101 13180 13432
CPI Transportation (points) 7186.14 7208 7215 7215 7215
Producer Prices Change (%) 2.51 2.9 3.2 3 2.7
GDP Deflator (%) 5.80 5.5

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 14.00 14 14 13.5 13
Money Supply M2 (BRL Million) 7646641.00 73200000 73600000 73780000 73780000
Loans to Private Sector (BRL Million) 1114054.00 1021953 1084263 1115867 1137449

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (USD Million) 7070.00 4600 9500 5700 6000
Current Account (USD Million) -2330.00 -4500 -5800 -3900 -3900
Imports (USD Million) 27051.50 28200 23400 25800 27200
Exports (USD Million) 34118.60 32800 32900 31500 33200
Terms of Trade (points) 125.53 127 124 127 127
Foreign Direct Investment (USD Million) 9074.80 4900 800 7000 7000
Crude Oil Production (BBL/D/1K) 4247.34 4250 4400 4310 4420
Current Account to GDP (% of GDP) -3.02 -2.1
Tourist Arrivals (Thousand) 9287.00 12100

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Gross Debt to GDP (% of GDP) 81.90 78.9 81 82 82
Government Debt to GDP (% of GDP) 78.64 83.5
Government Budget (% of GDP) -8.30 -8.8

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Business Confidence (points) 44.40 47.9 47.5 48 48.5
Manufacturing PMI (points) 47.50 49.5 52 51 52.3
Services PMI (points) 49.70 51.1 51 51.5 51.9
Composite PMI (points) 48.80 50.5 52 52.4 52.5
Industrial Production (%) 1.70 1.2 2 1.7 1.9
Industrial Production Mom (%) -1.80 0.3 0.5 0 0
Manufacturing Production (%) 1.00 2.2 -1.5 -1 -1
Car Registrations (Units) 279544.00 248000 291000 264000 264000
Car Production (Units) 253860.00 248760 181707 260972 243555
Leading Economic Index (%) 0.10 0.8 0.5 0.6 0.6

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Consumer Confidence (points) 88.30 89 93 91.5 91
Retail Sales MoM (%) 0.10 -0.5 0.8 0.5 -0.3
Retail Sales YoY (%) 0.40 1.1 1.5 1.4 2.6
Consumer Spending (BRL Million) 229985.47 239809 244567 235275 234815
Consumer Credit (BRL Million) 4606800.00 4099400 3907845 4075740 4075740
Bank Lending Rate (%) 63.95 63.7 63.7 63.2 62.7
Gasoline Prices (USD/Liter) 1.28 1.48 1.23 1.26 1.26
Economic Optimism Index (points) 101.90 102 103 101 102

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Housing Index (points) 184.89 186 188 191 192