Brazil
-3.1
▬
vs 1w ago (-3.7)
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
-3.1
1 Week Ago
-3.7
Releases (90d)
117
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with Bovespa Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Retail Sales MoM +1.21z
- Interest Rate Decision +0.95z
- S&P Global Services PMI +0.75z
- Industrial Production YoY +1.00z
- Industrial Production MoM +0.43z
▼ Top Negative Surprises
- Foreign Direct Investment -9.06z
- IPCA mid-month CPI YoY -3.29z
- Gross Domestic Product MoM -1.56z
- Gross Domestic Product MoM -1.56z
- Gross Domestic Product MoM -1.56z
All Releases — 90 Day Window (117 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-01-26 | Foreign Direct Investment | -5.25 | 1.0 | -9.062 | Low | -63.57 |
| 2026-02-27 | IPCA mid-month CPI YoY | 4.1 | 3.8 | -3.295 | Low | -48.42 |
| 2026-03-11 | Retail Sales MoM | 0.4 | -0.1 | +1.210 | Medium | +46.91 |
| 2026-03-18 | Interest Rate Decision | 14.75 | 14.5 | +0.946 | Medium | +43.10 |
| 2026-03-04 | S&P Global Services PMI | 53.1 | 51.5 | +0.753 | Medium | +24.82 |
| 2026-01-30 | Gross Domestic Product MoM | 78.7 | 79.5 | -1.560 | Medium | -24.01 |
| 2026-01-30 | Gross Domestic Product MoM | 78.7 | 79.5 | -1.560 | Medium | -24.01 |
| 2026-01-30 | Gross Domestic Product MoM | 78.7 | 79.5 | -1.560 | Medium | -24.01 |
| 2026-02-27 | Gross Domestic Product MoM | 78.7 | 79.0 | -0.589 | Medium | -17.30 |
| 2026-02-27 | Gross Domestic Product MoM | 78.7 | 79.0 | -0.589 | Medium | -17.30 |
| 2026-02-27 | Gross Domestic Product MoM | 78.7 | 79.0 | -0.589 | Medium | -17.30 |
| 2026-03-06 | Industrial Production YoY | 0.2 | -0.7 | +0.997 | Low | +17.22 |
| 2026-03-18 | Business Confidence | 46.6 | 47.5 | -0.347 | Medium | -15.83 |
| 2026-03-06 | Industrial Production MoM | 1.8 | 0.7 | +0.427 | Medium | +14.75 |
| 2026-01-06 | S&P Global Services PMI | 53.7 | 50.5 | +1.535 | Medium | +13.57 |
| 2026-02-04 | S&P Global Services PMI | 51.3 | 53.0 | -0.777 | Medium | -13.42 |
| 2026-03-03 | IPC-Fipe Inflation MoM | 0.25 | -0.4 | -0.813 | Low | -13.10 |
| 2026-03-12 | Inflation Rate YoY | 3.81 | 3.77 | -0.317 | Medium | -12.60 |
| 2026-02-27 | CPI | 0.84 | 0.6 | -0.848 | Low | -12.46 |
| 2026-02-27 | CPI | 0.84 | 0.6 | -0.848 | Low | -12.46 |
| 2026-02-27 | CPI | 0.84 | 0.6 | -0.848 | Low | -12.46 |
| 2025-12-30 | Unemployment Rate | 5.2 | 5.4 | +1.631 | Medium | +12.26 |
| 2026-02-27 | Budget Balance | 40.062 | 49.5 | -0.735 | Low | -10.80 |
| 2026-02-27 | Budget Balance | 40.062 | 49.5 | -0.735 | Low | -10.80 |
| 2026-02-27 | Budget Balance | 40.062 | 49.5 | -0.735 | Low | -10.80 |
| 2026-03-04 | S&P Global Composite PMI | 51.3 | 50.1 | +0.605 | Low | +9.98 |
| 2026-01-30 | Gross Debt to GDP | 78.7 | 79.5 | +1.223 | Low | +9.41 |
| 2026-03-06 | Car Production MoM | 24.9 | -4.0 | +0.534 | Low | +9.23 |
| 2026-01-09 | Inflation Rate YoY | 4.26 | 4.4 | +0.952 | Medium | +9.02 |
| 2026-02-04 | S&P Global Composite PMI | 49.9 | 52.0 | -1.020 | Low | -8.81 |
| 2026-01-09 | Inflation Rate MoM | 0.33 | 0.2 | -0.863 | Medium | -8.18 |
| 2026-01-16 | IBC-BR Economic Activity | 0.7 | 0.1 | +1.414 | Low | +7.87 |
| 2026-02-23 | FGV Consumer Confidence | 86.1 | 88.0 | -0.521 | Low | -6.98 |
| 2026-01-08 | Industrial Production YoY | -1.2 | 1.3 | -1.491 | Low | -6.90 |
| 2026-02-27 | Gross Debt to GDP | 78.7 | 79.0 | +0.461 | Low | +6.78 |
| 2026-02-27 | IPCA mid-month CPI MoM | 0.84 | 0.6 | -0.448 | Low | -6.59 |
| 2026-01-30 | Budget Balance | -115.502 | -95.4 | -0.812 | Low | -6.25 |
| 2026-01-30 | Budget Balance | -115.502 | -95.4 | -0.812 | Low | -6.25 |
| 2026-01-30 | Budget Balance | -115.502 | -95.4 | -0.812 | Low | -6.25 |
| 2026-02-25 | Bank Lending MoM | -0.2 | -0.1 | -0.433 | Low | -6.07 |
| 2026-02-19 | Business Confidence | 48.2 | 48.8 | -0.225 | Medium | -5.50 |
| 2026-03-04 | Producer Price Index YoY | -4.33 | -5.2 | -0.322 | Low | -5.30 |
| 2026-02-13 | Retail Sales MoM | -0.4 | -0.2 | -0.242 | Medium | -5.15 |
| 2026-01-06 | S&P Global Composite PMI | 52.1 | 50.0 | +1.061 | Low | +4.69 |
| 2026-03-11 | Retail Sales YoY | 2.8 | 1.7 | +0.217 | Low | +4.21 |
| 2026-02-03 | Industrial Production YoY | 0.4 | 1.1 | -0.493 | Low | -4.16 |
| 2026-03-12 | Inflation Rate MoM | 0.7 | 0.65 | -0.102 | Medium | -4.05 |
| 2026-03-03 | Net Payrolls | 112.33 | 92.0 | +0.230 | Low | +3.71 |
| 2026-02-11 | Producer Price Index MoM | 0.12 | -0.2 | -0.337 | Low | -3.42 |
| 2026-02-27 | Nominal Budget Balance | 40.062 | 49.5 | -0.229 | Low | -3.36 |
| 2026-02-24 | Foreign Direct Investment | 8.17 | 7.0 | +0.242 | Low | +3.32 |
| 2026-02-03 | Industrial Production MoM | -1.2 | -0.7 | -0.194 | Medium | -3.28 |
| 2026-02-02 | S&P Global Manufacturing PMI | 47.0 | 47.8 | -0.382 | Low | -3.15 |
| 2026-01-15 | Retail Sales YoY | 1.3 | 0.5 | +0.536 | Low | +2.92 |
| 2025-12-29 | IGP-M Inflation MoM | -0.01 | 0.15 | +0.770 | Low | +2.83 |
| 2026-01-02 | S&P Global Manufacturing PMI | 47.6 | 49.0 | -0.652 | Low | -2.63 |
| 2026-01-15 | Retail Sales MoM | 1.0 | 0.5 | +0.242 | Medium | +2.63 |
| 2026-02-11 | Producer Price Index YoY | -4.53 | -4.0 | +0.255 | Low | +2.59 |
| 2025-12-30 | Budget Balance | -101.6 | -86.4 | -0.678 | Low | -2.55 |
| 2026-01-08 | Industrial Production MoM | 0.0 | 0.2 | -0.272 | Medium | -2.51 |
| 2026-03-04 | Producer Price Index MoM | 0.34 | 0.2 | -0.148 | Low | -2.43 |
| 2026-01-29 | Net Payrolls | -618.16 | -478.0 | -0.306 | Low | -2.30 |
| 2026-02-06 | New Car Registrations MoM | -39.0 | -9.6 | -0.253 | Low | -2.28 |
| 2026-02-26 | IGP-M Inflation MoM | -0.73 | -0.6 | +0.156 | Low | +2.25 |
| 2026-02-24 | Current Account | -8.36 | -6.6 | -0.156 | Low | -2.14 |
| 2026-01-30 | Nominal Budget Balance | -115.502 | -95.4 | -0.253 | Low | -1.94 |
| 2025-12-22 | FGV Consumer Confidence | 90.2 | 88.0 | +0.603 | Low | +1.89 |
| 2025-12-30 | Gross Debt to GDP | 79.0 | 78.7 | -0.463 | Low | -1.74 |
| 2026-02-19 | IBC-BR Economic Activity | -0.2 | -0.5 | +0.141 | Low | +1.73 |
| 2026-01-06 | Balance of Trade | 9.6 | 6.5 | +0.191 | Medium | +1.69 |
| 2026-01-15 | Car Production MoM | -15.8 | 5.1 | -0.303 | Low | -1.65 |
| 2026-01-26 | Current Account | -3.36 | -5.3 | +0.214 | Low | +1.50 |
| 2026-02-10 | Inflation Rate YoY | 4.44 | 4.43 | -0.068 | Medium | -1.34 |
| 2026-01-06 | IPC-Fipe Inflation MoM | 0.32 | 0.2 | -0.300 | Low | -1.33 |
| 2026-01-15 | New Car Registrations MoM | 17.1 | 4.4 | +0.238 | Low | +1.30 |
| 2026-02-03 | IPC-Fipe Inflation MoM | 0.21 | 0.3 | +0.150 | Low | +1.27 |
| 2025-12-23 | CPI | 0.25 | 0.3 | +0.353 | Low | +1.13 |
| 2025-12-30 | Nominal Budget Balance | -101.6 | -84.7 | -0.239 | Low | -0.90 |
| 2026-01-06 | Balance of Trade | 9.63 | 6.39 | +0.203 | Low | +0.90 |
| 2026-03-12 | CPI | 3.81 | 3.77 | -0.022 | Medium | -0.89 |
| 2026-03-12 | CPI | 3.81 | 3.77 | -0.022 | Medium | -0.89 |
| 2026-02-10 | Inflation Rate MoM | 0.33 | 0.32 | -0.042 | Medium | -0.82 |
| 2026-02-05 | Balance of Trade | 4.34 | 4.9 | -0.046 | Medium | -0.81 |
| 2026-03-02 | S&P Global Manufacturing PMI | 47.3 | 47.2 | +0.048 | Low | +0.76 |
| 2026-01-27 | IPCA mid-month CPI YoY | 4.5 | 4.51 | +0.093 | Low | +0.66 |
| 2026-02-10 | CPI | 0.33 | 0.32 | -0.066 | Low | -0.66 |
| 2025-12-23 | IPCA mid-month CPI MoM | 0.25 | 0.3 | +0.187 | Low | +0.60 |
| 2026-01-09 | CPI | 0.33 | 0.35 | +0.121 | Low | +0.57 |
| 2025-12-29 | Net Payrolls | 85.86 | 100.0 | -0.147 | Low | -0.54 |
| 2026-03-06 | New Car Registrations MoM | 8.6 | 12.0 | -0.023 | Low | -0.40 |
| 2026-01-27 | IPCA mid-month CPI MoM | 0.2 | 0.21 | +0.053 | Low | +0.38 |
| 2026-02-06 | Car Production MoM | -13.5 | -9.0 | -0.037 | Low | -0.33 |
| 2025-12-23 | IPCA mid-month CPI YoY | 4.41 | 4.4 | -0.095 | Low | -0.30 |
| 2026-03-16 | IBC-BR Economic Activity | 0.8 | 0.85 | -0.014 | Low | -0.30 |
| 2026-02-13 | Retail Sales YoY | 2.3 | 2.5 | -0.027 | Low | -0.29 |
| 2026-01-16 | Producer Price Index MoM | -0.37 | -0.3 | +0.049 | Low | +0.27 |
| 2026-01-16 | Producer Price Index YoY | -3.38 | -3.3 | +0.047 | Low | +0.26 |
| 2025-12-26 | Bank Lending MoM | 0.9 | 1.0 | -0.043 | Low | -0.15 |
| 2026-02-10 | CPI | 4.44 | 4.43 | -0.005 | Medium | -0.09 |
| 2026-02-10 | CPI | 4.44 | 4.43 | -0.005 | Medium | -0.09 |
| 2026-01-27 | CPI | 4.5 | 4.52 | +0.009 | Low | +0.07 |
| 2026-01-27 | CPI | 4.5 | 4.52 | +0.009 | Low | +0.07 |
| 2026-03-05 | Balance of Trade | 4.21 | 4.23 | -0.002 | Medium | -0.06 |
| 2025-12-30 | Gross Domestic Product MoM | 79.0 | 79.0 | +0.000 | Medium | +0.00 |
| 2026-01-16 | Business Confidence | 48.5 | 48.5 | +0.000 | Medium | +0.00 |
| 2026-01-28 | Interest Rate Decision | 15.0 | 15.0 | +0.000 | Medium | +0.00 |
| 2026-01-29 | IGP-M Inflation MoM | 0.41 | 0.41 | -0.000 | Low | -0.00 |
| 2026-01-30 | Unemployment Rate | 5.1 | 5.1 | -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 |
| 2026-03-03 | 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 QoQ | 0.1 | 0.1 | +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 |
| 2026-03-03 | Gross Domestic Product YoY | 1.8 | 1.8 | +0.000 | Medium | +0.00 |
| 2026-03-05 | Unemployment Rate | 5.4 | 5.4 | -0.000 | Medium | -0.00 |