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Charting the Brazilian Economy

Macrobond chart pack showcasing the latest developments in the Brazilian economy.

By 
Alfred Sadek
 on 
August 19, 2020

Tracking the Brazilian Economy

The production of cement in Brazil continues to outpace the consumption of cement.  Although this data has a significant lag all signs point to a continued discrepancy between production and consumption.

Small companies have not been able to bounce back from COVID-19 as quickly as large companies have.  This is not surprising as it speaks to a world-wide trend of mom & pop closures.

Minimum wage growth in Brazil continues to accelerate disregarding COVID-19.  The Real continues to depreciate which may indicate a decline in the real minimum wage of Brazilians.

Chart showing Minimum wage (constant prices) for Brazil

After a sombre start to the year, Google’s mobility data set indicates that Brazilians are getting back to work.  There is currently a ~12% decline in the amount of time that Brazilians spend at work comparted to the ~40% decline seen in late March.

Chart showing mobility data for Brazil, length of stay

The Death to Case ratio has dropped drastically in Brazil.  During late April and early May ~6% of COVID-19 cases resulted in the death of the infected, that has almost dropped to ~3%.

Chart showiing COVID-19 cases in Brazil

After pushing through the initial popularity decline often associated with the election of a new President in Brazil, Jair Bolsonaro’s approval rating has receded.  The reasons for his decline in popularity are not clear but an inference could be made to his handling of COVID-19.

Chart showing support for Jair Bolsonaro

SENSOR FIESP Survey indicates a resilient manufacturing sector in Brazil.

Chart showing sensor fiesp manufacturing survey for Brazil

The number of COVID-19 cases in Brazil has quickly caught up to the number in the USA.

Chart showing COVID-19 cases in Brazil

Chart showing new Corona virus cases in Rio and Sao Paulo

Debt continues to loom over the Brazilian economy.

Chart showing total loans in Brazil

The comparison between GDP growth in BRL vs USD terms tells a dramatically different story.

Chart showing Monthly GDP for Brazil

Inflation in Brazil has been subdued compared to the rest of Latin America.

Chart showing YTD inflation in Latin America

Consumer confidence remains well below its average level.

Chart showing consumer confidence for Brazil

Chart showing foreign trade for Brazil

The unemployment rate for Brazilians has continued to increase since 2014.

Chart showing unemployment in Brazil