Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Stock Market 188052.02 171916 167305 162802 169800
Currency 5.15 5.15 5.1 5.05 5.05
Government Bond 10Y (%) 14.06 14.01 13.88 13.74 13.13

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.10 1 0.6 1 0.2
GDP Annual Growth Rate (%) 1.80 2.6 2.5 2.2 2.4
Unemployment Rate (%) 5.80 6 6.5 6.4 6.2
Inflation Rate (%) 3.81 4.2 4 3.9 3.8
Inflation Rate MoM (%) 0.70 0.2 0.3 0.1 0
Interest Rate (%) 14.75 13.75 13 12.5 12
Balance of Trade (USD Million) 4210.00 6100 4641 9500 7700
Current Account (USD Million) -5610.00 -3000 -4500 -5800 -3900
Business Confidence (points) 46.60 46.5 47.9 47.5 48
Manufacturing PMI (points) 49.00 49.5 50.1 52 51
Services PMI (points) 53.10 51.6 52 51 51.5
Retail Sales MoM (%) 0.40 0.3 -0.5 0.8 0.1
Current Account to GDP (% of GDP) -3.02 -2.2
Government Debt to GDP (% of GDP) 76.50 83.5
Government Budget (% of GDP) -8.50 -8.8

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.10 1 0.6 1 0.2
GDP Annual Growth Rate (%) 1.80 2.6 2.5 2.2 2.4
GDP Constant Prices (BRL Million) 340533.46 353446 359397 348025 348706
Gross National Product (BRL Million) 3165315.00 3192592 3198444 3234952 3241283
Gross Fixed Capital Formation (BRL Million) 62922.44 65467 69062 64307 64433
GDP from Utilities (BRL Million) 8091.57 8457 8044 8270 8286
GDP from Mining (BRL Million) 3073.29 2944 3180 3141 3147
GDP from Agriculture (BRL Million) 15229.26 31545 24672 15564 15595
GDP from Construction (BRL Million) 16832.12 17303 18084 17202 17236
GDP from Transport (BRL Million) 9102.57 9160 9702 9303 9321
GDP from Manufacturing (BRL Million) 29805.85 30845 33132 30462 30521
GDP from Public Administration (BRL Million) 41070.92 42093 42511 41974 42057
GDP from Services (BRL Million) 214483.62 212569 218361 219202 219631
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 (%) 5.80 6 6.5 6.4 6.2
Employed Persons (Million ) 102.15 103 104 104 103
Labour Costs (points) 156.32 169 178 162 162
Wages (BRL/Month) 3652.00 3647 3647 3724 3748
Wages in Manufacturing (BRL/Month) 3485.00 3518 3550 3560 3617
Productivity (points) 87.70 97.1 98.5 91.5 94
Non Farm Payrolls (Thousand ) 255.32 120 90 170 80
Population (Million) 213.42 214

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 3.81 4.2 4 3.9 3.8
Inflation Rate MoM (%) 0.70 0.2 0.3 0.1 0
Consumer Price Index CPI (points) 7479.71 7620 7653 7692 7764
Core Inflation Rate (%) 4.72 4.4 4.7 4.5 4.3
Producer Prices (points) 165.54 165 171 170 168
Export Prices (points) 158.00 159 156 155 154
Import Prices (points) 122.00 124 123 125 121
Food Inflation (%) 1.76 4 4.3 3.5 3.2
Mid-month Inflation Rate YoY (%) 3.90 4.3 4 3.6 3.9
Producer Price Inflation MoM (%) -0.25 0.2 0.5 -0.2 0.3
Mid-month Inflation Rate MoM (%) 0.44 0.2 0.3 0.3 -0.1
IGP-M Inflation MoM (%) 0.52 0.7 0.3 0.5 -0.1
IPC-Fipe Inflation MoM (%) 0.59 0.1 0.3 -0.1 0.2
CPI Transportation (points) 7086.55 7101 7122 7129 7129
CPI Housing Utilities (points) 12572.86 12713 13066 13038 13051
Producer Prices Change (%) -4.47 -1.5 3.2 2.8 1.5
GDP Deflator (%) 3.80 4.7

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 14.75 13.75 13 12.5 12
Money Supply M2 (BRL Million) 7317828.00 72940000 73200000 73600000 73780000
Loans to Private Sector (BRL Million) 1068501.00 985133 1028985 1086338 1094145

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (USD Million) 4210.00 6100 4641 9500 7700
Current Account (USD Million) -5610.00 -3000 -4500 -5800 -3900
Imports (USD Million) 22098.10 25100 24200 23400 22800
Exports (USD Million) 26306.00 31200 28841 32900 30500
Terms of Trade (points) 129.00 128 127 124 127
Foreign Direct Investment (USD Million) 6750.00 5800 4900 800 7000
Crude Oil Production (BBL/D/1K) 3772.77 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) 79.20 79.5 78.9 81 82
Government Debt to GDP (% of GDP) 76.50 83.5
Government Budget (% of GDP) -8.50 -8.8

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 46.60 46.5 47.9 47.5 48
Manufacturing PMI (points) 49.00 49.5 50.1 52 51
Services PMI (points) 53.10 51.6 52 51 51.5
Composite PMI (points) 51.30 51 50.5 52 52.4
Industrial Production Mom (%) 0.90 0.7 0.3 0.5 0
Industrial Production (%) -0.70 -0.8 1.2 2 0.5
Manufacturing Production (%) -2.60 2.6 2.2 -1.5 -1
Car Production (Units) 204300.00 215329 248760 181707 202257
Car Registrations (Units) 185200.00 218000 248000 291000 264000
Leading Economic Index (%) 0.80 1 0.8 0.5 0.6

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Retail Sales MoM (%) 0.40 0.3 -0.5 0.8 0.1
Retail Sales YoY (%) 2.80 3.2 1.9 3 2.3
Consumer Spending (BRL Million) 239771.33 235268 241458 245046 245526
Consumer Credit (BRL Million) 4460700.00 4136745 4099400 3907845 4075740
Bank Lending Rate (%) 61.00 60 59.25 58.75 58.25
Economic Optimism Index (points) 88.10 90 89 93 91.5
Gasoline Prices (USD/Liter) 1.29 1.72 1.48 1.23 1.26

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Index (points) 181.47 182 185 188 188