Economy

Brazilian retail sales continued to tick up in February, coming in at 9.6% y-o-y, beating Bloomberg consensus estimates of 9.1% y-o-y to hit a 10-month high. This follows an upward... 2012-05-02

Despite a weak industrial production reading of -3.25% y-o-y in January, we anticipate a slight pick-up over the coming quarters, in line with our end-2012 forecast of 2.5%. This view... 2012-04-02

BMI View: Brazil's unemployment rate ticked up slightly in January 2012 to 5.5%, up from 4.7% in December 2011, and recording the first increase since February 2011. However, given... 2012-02-29

Retail sales recorded strong growth in 2011, coming in at 6.7% for the full year. This constructive finish to the year indicates that though retail sales cooled slightly in 2011, Brazil's... 2012-02-29

BMI View: Brazil's external accounts will remain robust in 2012, on the back of rising oil exports and strong investment inflows. However, the country's substantial net international... 2012-02-21

Brazil's broad consumer price index (IPCA) came in at 6.5% y-o-y in December, just back within the upper limit of the central bank's target band of 4.5%-6.5%. Though we believe supply... 2012-02-02

The technical picture for the Brazilian real is strong at present, with longer-dated charts also suggesting that the unit will perform well against the US dollar over the next few weeks... 2012-01-20

BMI View: Brazil's broad consumer price inflation index (IPCA) registered a slowdown in growth in November 2011, to 6.64% y-o-y from 6.97% the previous month. This trend is in line... 2012-01-05

Our above-consensus 3.9% real GDP growth forecast for Brazil in 2012 is based in large part on our view that the Brazilian authorities can and will use available policy tools to keep... 2012-01-03

BMI View: Although we have revised down our 2012 real GDP growth forecast to 3.9%, from 4.8% previously, in line with our deteriorating global growth projections, we remain above... 2011-12-19