Brazil
+0.5
▬
vs 1w ago (+0.3)
Brazil economic data has been roughly in line with expectations. Over the past 90 days,
releases have been close to analyst estimates with no strong directional bias.
Current Score
+0.5
1 Week Ago
+0.3
Releases (90d)
119
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with Bovespa Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- S&P Global Services PMI +1.60z
- Gross Domestic Product MoM +0.93z
- S&P Global Manufacturing PMI +1.43z
- Business Confidence +0.48z
- S&P Global Composite PMI +1.16z
▼ Top Negative Surprises
- Budget Balance -1.35z
- Inflation Rate YoY -1.05z
- CPI YoY -1.01z
- S&P Global Services PMI -1.09z
- CPI MoM -2.23z
All Releases — 90 Day Window (119 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-05-06 | S&P Global Services PMI | 52.3 | 49.0 | +1.602 | Medium | +57.95 |
| 2026-04-30 | Gross Domestic Product MoM | 80.1 | 79.6 | +0.925 | Medium | +29.15 |
| 2026-05-04 | S&P Global Manufacturing PMI | 52.6 | 49.5 | +1.434 | Low | +24.76 |
| 2026-05-15 | Business Confidence | 47.2 | 46.0 | +0.483 | Medium | +21.50 |
| 2026-04-30 | Budget Balance | -199.539 | -148.0 | -1.355 | Low | -21.34 |
| 2026-05-06 | S&P Global Composite PMI | 52.4 | 50.1 | +1.164 | Low | +21.05 |
| 2026-04-10 | Inflation Rate YoY | 4.14 | 4.0 | -1.050 | Medium | -20.83 |
| 2026-04-10 | CPI YoY | 4.14 | 4.0 | -1.010 | Medium | -20.04 |
| 2026-04-06 | S&P Global Services PMI | 50.1 | 52.5 | -1.087 | Medium | -19.67 |
| 2026-04-28 | IPCA mid-month CPI YoY | 4.37 | 4.49 | +1.105 | Low | +16.62 |
| 2026-03-26 | CPI MoM | 0.44 | 0.29 | -2.235 | Low | -15.68 |
| 2026-05-07 | Industrial Production MoM | 0.1 | -0.2 | +0.410 | Medium | +15.18 |
| 2026-04-29 | Producer Price Index YoY | -1.54 | -3.0 | -0.945 | Low | -14.54 |
| 2026-05-18 | IBC-BR Economic Activity | -0.7 | -0.2 | -0.593 | Low | -14.15 |
| 2026-04-27 | Bank Lending MoM | 0.9 | 0.3 | +0.882 | Low | +12.96 |
| 2026-04-27 | Bank Lending MoM | 0.9 | 0.3 | +0.882 | Low | +12.96 |
| 2026-03-26 | IPCA mid-month CPI YoY | 3.9 | 3.74 | -1.769 | Low | -12.41 |
| 2026-02-27 | IPCA mid-month CPI YoY | 4.1 | 3.8 | -3.265 | Low | -12.28 |
| 2026-03-11 | Retail Sales MoM | 0.4 | -0.1 | +1.214 | Medium | +12.04 |
| 2026-04-30 | Gross Debt to GDP | 80.1 | 79.6 | -0.760 | Low | -11.98 |
| 2026-03-27 | Unemployment Rate | 5.8 | 5.7 | -0.774 | Medium | -11.12 |
| 2026-03-18 | Interest Rate Decision | 14.75 | 14.5 | +0.950 | Medium | +11.08 |
| 2026-04-28 | CPI YoY | 4.37 | 4.48 | +0.708 | Low | +10.65 |
| 2026-03-25 | FGV Consumer Confidence | 88.1 | 83.0 | +1.488 | Low | +10.20 |
| 2026-04-29 | Producer Price Index MoM | 2.37 | 0.6 | -0.630 | Low | -9.70 |
| 2026-03-26 | CPI YoY | 3.9 | 3.74 | -1.234 | Low | -8.66 |
| 2026-02-27 | CPI YoY | 4.1 | 3.8 | -2.278 | Low | -8.56 |
| 2026-04-29 | Net Payrolls | 228.21 | 150.0 | +0.549 | Low | +8.44 |
| 2026-04-02 | IPC-Fipe Inflation MoM | 0.59 | 0.2 | -0.983 | Low | -8.11 |
| 2026-04-24 | FGV Consumer Confidence | 89.1 | 87.0 | +0.584 | Low | +8.01 |
| 2026-04-15 | Business Confidence | 45.2 | 46.0 | -0.322 | Medium | -7.17 |
| 2026-04-28 | CPI MoM | 0.89 | 1.0 | +0.475 | Low | +7.15 |
| 2026-04-30 | Nominal Budget Balance | -199.539 | -148.0 | -0.421 | Low | -6.62 |
| 2026-02-27 | CPI MoM | 0.84 | 0.6 | -1.728 | Low | -6.50 |
| 2026-03-04 | S&P Global Services PMI | 53.1 | 51.5 | +0.739 | Medium | +6.24 |
| 2026-04-10 | CPI MoM | 0.88 | 0.77 | -0.617 | Low | -6.12 |
| 2026-04-06 | S&P Global Composite PMI | 49.9 | 51.2 | -0.644 | Low | -5.82 |
| 2026-05-12 | Inflation Rate YoY | 4.39 | 4.41 | +0.136 | Medium | +5.65 |
| 2026-05-12 | CPI YoY | 4.39 | 4.41 | +0.131 | Medium | +5.44 |
| 2026-05-05 | IPC-Fipe Inflation MoM | 0.4 | 1.0 | +0.303 | Low | +5.35 |
| 2026-03-06 | Industrial Production YoY | 0.2 | -0.7 | +1.003 | Low | +4.43 |
| 2026-02-27 | Gross Domestic Product MoM | 78.7 | 79.0 | -0.559 | Medium | -4.21 |
| 2026-02-27 | Gross Domestic Product MoM | 78.7 | 79.0 | -0.559 | Medium | -4.21 |
| 2026-02-27 | Gross Domestic Product MoM | 78.7 | 79.0 | -0.559 | Medium | -4.21 |
| 2026-03-18 | Business Confidence | 46.6 | 47.5 | -0.351 | Medium | -4.09 |
| 2026-03-26 | IPCA mid-month CPI MoM | 0.44 | 0.29 | -0.584 | Low | -4.09 |
| 2026-05-12 | CPI MoM | 0.67 | 0.7 | +0.185 | Low | +3.85 |
| 2026-04-01 | S&P Global Manufacturing PMI | 49.0 | 48.0 | +0.477 | Low | +3.84 |
| 2026-03-06 | Industrial Production MoM | 1.8 | 0.7 | +0.429 | Medium | +3.80 |
| 2026-04-10 | Inflation Rate MoM | 0.88 | 0.77 | -0.191 | Medium | -3.79 |
| 2026-03-03 | IPC-Fipe Inflation MoM | 0.25 | -0.4 | -0.820 | Low | -3.38 |
| 2026-05-07 | Industrial Production YoY | 4.3 | 3.5 | +0.178 | Low | +3.30 |
| 2026-05-13 | Retail Sales YoY | 4.0 | 2.75 | +0.153 | Low | +3.26 |
| 2026-03-31 | Nominal Budget Balance | -100.589 | -75.0 | -0.412 | Low | -3.24 |
| 2026-03-12 | Inflation Rate YoY | 3.81 | 3.77 | -0.318 | Medium | -3.23 |
| 2026-02-27 | CPI | 0.84 | 0.6 | -0.848 | Low | -3.19 |
| 2026-02-27 | CPI | 0.84 | 0.6 | -0.848 | Low | -3.19 |
| 2026-02-27 | CPI | 0.84 | 0.6 | -0.848 | Low | -3.19 |
| 2026-04-15 | Retail Sales YoY | 0.2 | 1.2 | -0.281 | Low | -3.13 |
| 2026-03-12 | CPI YoY | 3.81 | 3.77 | -0.306 | Medium | -3.11 |
| 2026-04-08 | Car Production MoM | 27.6 | -9.0 | +0.304 | Low | +2.88 |
| 2026-02-27 | Budget Balance | 40.062 | 49.5 | -0.742 | Low | -2.79 |
| 2026-02-27 | Budget Balance | 40.062 | 49.5 | -0.742 | Low | -2.79 |
| 2026-02-27 | Budget Balance | 40.062 | 49.5 | -0.742 | Low | -2.79 |
| 2026-03-31 | Producer Price Index MoM | -0.25 | 0.4 | +0.347 | Low | +2.73 |
| 2026-03-04 | S&P Global Composite PMI | 51.3 | 50.1 | +0.607 | Low | +2.56 |
| 2026-03-06 | Car Production MoM | 24.9 | -4.0 | +0.540 | Low | +2.39 |
| 2026-05-12 | Inflation Rate MoM | 0.67 | 0.7 | +0.057 | Medium | +2.38 |
| 2026-04-15 | Retail Sales MoM | 0.6 | 1.0 | -0.097 | Medium | -2.16 |
| 2026-04-02 | Industrial Production YoY | -0.7 | -1.0 | +0.234 | Low | +1.93 |
| 2026-04-28 | IPCA mid-month CPI MoM | 0.89 | 1.0 | +0.124 | Low | +1.87 |
| 2026-02-23 | FGV Consumer Confidence | 86.1 | 88.0 | -0.523 | Low | -1.79 |
| 2026-02-27 | Gross Debt to GDP | 78.7 | 79.0 | +0.460 | Low | +1.73 |
| 2026-02-27 | IPCA mid-month CPI MoM | 0.84 | 0.6 | -0.451 | Low | -1.70 |
| 2026-03-12 | CPI MoM | 0.7 | 0.65 | -0.332 | Low | -1.69 |
| 2026-02-25 | Bank Lending MoM | -0.2 | -0.1 | -0.441 | Low | -1.58 |
| 2026-02-19 | Business Confidence | 48.2 | 48.8 | -0.228 | Medium | -1.42 |
| 2026-04-24 | Foreign Direct Investment | 6.04 | 6.5 | -0.103 | Low | -1.42 |
| 2026-03-31 | Producer Price Index YoY | -4.47 | -4.1 | +0.175 | Low | +1.38 |
| 2026-03-04 | Producer Price Index YoY | -4.33 | -5.2 | -0.325 | Low | -1.37 |
| 2026-04-02 | Industrial Production MoM | 0.9 | 0.7 | +0.078 | Medium | +1.29 |
| 2026-03-27 | Foreign Direct Investment | 6.75 | 7.6 | -0.163 | Low | -1.17 |
| 2026-03-30 | Bank Lending MoM | 0.4 | 0.6 | -0.147 | Low | -1.13 |
| 2026-03-30 | Bank Lending MoM | 0.4 | 0.6 | -0.147 | Low | -1.13 |
| 2026-03-11 | Retail Sales YoY | 2.8 | 1.7 | +0.218 | Low | +1.08 |
| 2026-04-29 | IGP-M Inflation MoM | 2.73 | 2.5 | -0.068 | Low | -1.05 |
| 2026-03-12 | Inflation Rate MoM | 0.7 | 0.65 | -0.103 | Medium | -1.04 |
| 2026-04-07 | Balance of Trade | 6.4 | 7.4 | -0.054 | Medium | -1.01 |
| 2026-03-03 | Net Payrolls | 112.33 | 92.0 | +0.233 | Low | +0.96 |
| 2026-02-27 | Nominal Budget Balance | 40.062 | 49.5 | -0.230 | Low | -0.87 |
| 2026-02-24 | Foreign Direct Investment | 8.17 | 7.0 | +0.244 | Low | +0.86 |
| 2026-03-04 | Producer Price Index MoM | 0.34 | 0.2 | -0.150 | Low | -0.63 |
| 2026-02-26 | IGP-M Inflation MoM | -0.73 | -0.6 | +0.161 | Low | +0.59 |
| 2026-04-24 | Current Account | -6.04 | -5.65 | -0.041 | Low | -0.56 |
| 2026-02-24 | Current Account | -8.36 | -6.6 | -0.157 | Low | -0.55 |
| 2026-04-16 | IBC-BR Economic Activity | 0.6 | 0.5 | +0.047 | Low | +0.54 |
| 2026-05-08 | Car Production MoM | -9.5 | -15.0 | +0.027 | Low | +0.52 |
| 2026-05-07 | Balance of Trade | 10.54 | 10.9 | -0.013 | Medium | -0.49 |
| 2026-03-31 | Net Payrolls | 255.32 | 270.0 | -0.057 | Low | -0.45 |
| 2026-02-19 | IBC-BR Economic Activity | -0.2 | -0.5 | +0.142 | Low | +0.44 |
| 2026-03-12 | CPI | 3.81 | 3.77 | -0.022 | Medium | -0.23 |
| 2026-03-12 | CPI | 3.81 | 3.77 | -0.022 | Medium | -0.23 |
| 2026-03-30 | IGP-M Inflation MoM | 0.52 | 0.5 | -0.030 | Low | -0.23 |
| 2026-03-02 | S&P Global Manufacturing PMI | 47.3 | 47.2 | +0.048 | Low | +0.20 |
| 2026-03-27 | Current Account | -5.61 | -5.4 | -0.023 | Low | -0.16 |
| 2026-03-06 | New Car Registrations MoM | 8.6 | 12.0 | -0.023 | Low | -0.10 |
| 2026-03-16 | IBC-BR Economic Activity | 0.8 | 0.85 | -0.014 | Low | -0.08 |
| 2026-03-05 | Balance of Trade | 4.21 | 4.23 | -0.002 | Medium | -0.02 |
| 2026-03-03 | Gross Domestic Product YoY | 1.8 | 1.8 | +0.000 | Medium | +0.00 |
| 2026-03-03 | Gross Domestic Product QoQ | 0.1 | 0.1 | +0.000 | Medium | +0.00 |
| 2026-03-03 | Gross Domestic Product QoQ | 0.1 | 0.1 | +0.000 | Medium | +0.00 |
| 2026-03-03 | GDP Growth Rate QoQ | 0.1 | 0.1 | +0.000 | Medium | +0.00 |
| 2026-03-03 | GDP Growth Rate YoY | 1.8 | 1.8 | +0.000 | Medium | +0.00 |
| 2026-03-03 | Gross Domestic Product YoY | 1.8 | 1.8 | +0.000 | Medium | +0.00 |
| 2026-03-03 | Gross Domestic Product YoY | 1.8 | 1.8 | +0.000 | Medium | +0.00 |
| 2026-03-03 | Gross Domestic Product QoQ | 0.1 | 0.1 | +0.000 | Medium | +0.00 |
| 2026-03-05 | Unemployment Rate | 5.4 | 5.4 | -0.000 | Medium | -0.00 |
| 2026-04-29 | Interest Rate Decision | 14.5 | 14.5 | +0.000 | Medium | +0.00 |
| 2026-04-30 | Unemployment Rate | 6.1 | 6.1 | -0.000 | Medium | -0.00 |