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Tracking the Brazilian Economy

This chart pack covers some of the latest developments in regards to the Brazilian economy.

If you’re not a Macrobond user and you want to track the data updates in a chart, you can use Macrobond Live (It’s free!). Click “TRACK UPDATES” below the chart and then save it to your watchlist. 

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.

After a somber 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.

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%.

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.

SENSOR FIESP Survey indicates a resilient manufacturing sector in Brazil.

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

Debt continues to loom over the Brazilian economy.

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

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

Consumer confidence remains well below its average level. 

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

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