Brazil

Overview

Indicator

Last

Reference

Previous

Frequency

0.88%

Mar 2026

0.70%

Monthly

Unemployment Rate 3-months

5.8%

Feb 2026

5.4%

Monthly

0.1%

4 Q 2025

0.0%

Quarterly

BCB Interest Rate Decision

14.75%

$6.405 B

Mar 2026

$4.208 B

Monthly

Economic Calendar

27 April, Monday

Actual

Forecast

Previous

11:30

BRL

11:30

BCB Focus Market Report

Act:

Fcst:

Prev:

11:30

BCB Bank Lending m/m

Act:

0.9%

Fcst:

0.6%

Prev:

0.3%

28 April, Tuesday

Actual

Forecast

Previous

12:00

BRL

12:00

Mid-Month CPI m/m

Act:

Fcst:

0.45%

Prev:

0.44%

12:00

Mid-Month CPI y/y

Act:

Fcst:

3.83%

Prev:

3.90%

29 April, Wednesday

Actual

Forecast

Previous

11:00

BRL

11:00

FGV IGP-M Inflation Index m/m

Act:

Fcst:

-0.08%

Prev:

0.52%

12:00

BRL

12:00

Act:

Fcst:

-0.59%

Prev:

-0.25%

12:00

Act:

Fcst:

-4.62%

Prev:

-4.47%

17:30

BRL

17:30

Foreign Exchange Flows

Act:

Fcst:

$-2.839 B

Prev:

$-2.450 B

21:00

BRL

21:00

BCB Interest Rate Decision

Act:

Fcst:

Prev:

14.75%

30 April, Thursday

Actual

Forecast

Previous

12:00

BRL

12:00

Unemployment Rate 3-months

Act:

Fcst:

6.0%

Prev:

5.8%

1 May, Friday

Actual

Forecast

Previous

19:30

BRL

19:30

CFTC BRL Non-Commercial Net Positions

Act:

Fcst:

Prev:

43.5 K

Economic indicators

Business

Last

Reference

Previous

Frequency

Industrial Production m/m

0.9%

Feb 2026

2.1%

Monthly

Industrial Production y/y

-0.7%

Feb 2026

0.2%

Monthly

Services Volume m/m

0.1%

Feb 2026

0.2%

Monthly

Services Volume y/y

0.5%

Feb 2026

3.2%

Monthly

BCB IBC-Br Economic Activity

0.60%

Feb 2026

0.86%

Monthly

ANFAVEA Auto Production m/m

24.9%

Feb 2026

-13.5%

Monthly

ANFAVEA Auto Sales m/m

8.6%

Feb 2026

-39.0%

Monthly

S&P Global Manufacturing PMI

49.0

Mar 2026

47.3

Monthly

S&P Global Services PMI

50.1

Mar 2026

53.1

Monthly

S&P Global Composite PMI

49.9

Mar 2026

51.3

Monthly

Prices

Last

Reference

Previous

Frequency

0.88%

Mar 2026

0.70%

Monthly

4.14%

Mar 2026

3.81%

Monthly

Mid-Month CPI m/m

0.44%

Mar 2026

0.84%

Monthly

Mid-Month CPI y/y

3.90%

Mar 2026

4.10%

Monthly

-0.25%

Feb 2026

0.32%

Monthly

-4.47%

Feb 2026

-4.35%

Monthly

0.82%

Mar 2026

0.70%

Monthly

FGV IGP-DI Inflation Index m/m

1.14%

Mar 2026

-0.84%

Monthly

FGV IGP-M Inflation Index m/m

0.52%

Mar 2026

-0.73%

Monthly

0.59%

Mar 2026

0.25%

Monthly

Consumer

Last

Reference

Previous

Frequency

Retail Sales m/m

0.6%

Feb 2026

0.4%

Monthly

Retail Sales y/y

0.2%

Feb 2026

2.7%

Monthly

FGV Consumer Confidence

89.1

Apr 2026

88.1

Monthly

Labour

Last

Reference

Previous

Frequency

Unemployment Rate 3-months

5.8%

Feb 2026

5.4%

Monthly

GDP

Last

Reference

Previous

Frequency

0.1%

4 Q 2025

0.0%

Quarterly

1.8%

4 Q 2025

1.8%

Quarterly

Money

Last

Reference

Previous

Frequency

BCB Interest Rate Decision

14.75%

BCB Bank Lending m/m

0.9%

Mar 2026

0.3%

Monthly

Foreign Direct Investment

$6.037 B

Mar 2026

$6.754 B

Monthly

Foreign Exchange Flows

$-2.450 B

$-1.303 B

BNDES Long Term Interest Rate TJLP

9.13%

2 Q 2026

9.19%

Quarterly

Trade

Last

Reference

Previous

Frequency

Current Account

$-6.036 B

Mar 2026

$-5.614 B

Monthly

$6.405 B

Mar 2026

$4.208 B

Monthly

Government

Last

Reference

Previous

Frequency

Nominal Budget Balance

R$-100.589 B

Feb 2026

R$40.062 B

Monthly

Primary Budget balance

R$-16.388 B

Feb 2026

R$103.689 B

Monthly

Net Debt - GDP Ratio

65.5%

Feb 2026

65.0%

Monthly

Market

Last

Reference

Previous

Frequency

CFTC BRL Non-Commercial Net Positions

43.5 K

21 Apr 2026

40.0 K

Weekly