Brazil’s July Activity Falls More than Expected Ahead of Rate Decision
Agriculture led the decline as industry also fell and services were flat, while economists expect another 25 basis point cut to 13.75%.
- On Wednesday, Brazil's central bank reported economic activity fell 0.2% in July, marking a second consecutive month of contraction for the nation's economy.
- Latin America's largest economy is cooling as elevated borrowing costs weigh on activity, following a revised 0.9% drop in June.
- The central bank's IBC-Br index showed agriculture declined 1.2% in July, while industry fell 0.4%; services remained flat.
- Policymakers will announce their next rate decision later Wednesday, with economists in a Reuters poll forecasting a 25 basis point cut to 13.75%.
- Andres Abadia, Pantheon Macroeconomics' chief Latin America economist, argued "The growth data increasingly argue for lower rates; the inflation backdrop argues for getting there gradually.
19 Articles
19 Articles
Brazil's July activity falls more than expected ahead of rate decision ...
The Central Bank's Economic Activity Index (CBI-Br) declined 0.2% in July compared to June, with seasonal effects discounted. It was the second consecutive monthly fall of the indicator, considered a thermometer of the performance of the Brazilian economy. The result was mainly pulled by the agricultural sector, which fell 1.2% in the month, and by the industry, with a fall of 0.4%. The service sector, which has the highest weight in the indicat…
Previous Brazilian GDP declines 0.2% in July, with agriculture and industry falling. Central Bank data indicate economic slowdown.
EBC
JW News | Jornal Web NewsThe Central Bank's Economic Activity Index (CBI-Br), an indicator used to monitor the evolution of the Brazilian economy, declined 0.2% in July 2026 in comparison with June, reported the Central Bank of Brazil. In comparison with July 2025, the indicator showed growth of 1.1%. The fall observed in July (before June 2026) was the second consecutive negative result, after the decrease of 0.6% recorded in the previous month. The result was calculat…
The previous Gross Domestic Product (GDP), measured by the Central Bank's Economic Activity Index (CBI-Br), fell 0.22% in July before June, in the seasonally adjusted series, reported the Central Bank on Wednesday (16). In June, the indicator had fallen 0.88%, after reviewing the previous result of -0.64%. The result came below the median [...] The previous post of GDP (CBI-Br) fell in July and signaled deceleration in the 3rd quarter appeared f…
Brazilian economic activity declined 0.2% in July 2026 compared to June, according to the Economic Activity Index [...]
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
