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Mixed Brazilian Signals Lean Down

The Brazilian central bank reported that August growth missed analystsâ?? projections, increasing only 0.08%.

Mixed Brazilian Signals Lean Down (Reuters)

The Brazilian central bank reported that August growth missed analystsâ?? projections, increasing only 0.08%. However, the economic news there is mixed, since a previous report from the bank showed unexpectedly strong job creation in September. Another report indicated a jump in retail sales in July and August. “With this outcome… we are maintaining for now our expectation of a slight retraction at the margin of the Brazilian economy in the third quarter,” according to the Brazilian bank Bradesco.

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Mixed Brazilian Signals Lean Down

Mixed Brazilian Signals Lean Down (Reuters)

The Brazilian central bank reported that August growth missed analysts’ projections, increasing only 0.08%. However, the economic news there is mixed, since a previous report from the bank showed unexpectedly strong job creation in September. Another report indicated a jump in retail sales in July and August. “With this outcome… we are maintaining for now our expectation of a slight retraction at the margin of the Brazilian economy in the third quarter,” according to the Brazilian bank Bradesco.

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