During the fourth quarter of 2017, the y/y growth rate of Brazilian GDP stood at 2.22%, after registering an acceleration of 0.78 p.p. with respect to the previous quarter. The y/y growth rate of industrial production reached 5.49% in this period. With regard to the labor market, the unemployment rate decreased by 0.60 p.p. to 11.80%. On the other hand, the y/y growth rate of employment accelerated, although continued in a negative growth, of -0.41%. The Brazilian real depreciated with respect to the dollar in this quarter, reaching 3.25 R$/USD. Inflation stood at 2.82% in 4Q17, after increasing by 0.25 p.p. with respect to the previous quarter.
- Brazilian GDP y/y growth rate experienced an increase of 0.78 p.p. during the fourth quarter of the year with respect to the previous one, up to a rate of 2.22%. The main driver of this behavior was the greater y/y growth registered by private consumption and net exports in comparison to the third quarter, of 0.42 p.p. to 3.27% and 3.30 p.p. up to 5.20%, respectively.
- Industrial production stood at 5.49% in 4Q17, after an acceleration of 2.74 p.p. when compared to the previous quarter.
- Regarding the labor market, the unemployment rate stood at 11.80% in the fourth quarter of 2017, which represents a decrease of 0.60 p.p. when compared to the previous quarter. The employment y/y growth rate registered in 4Q17 was -0.41%, an acceleration of 0.92 p.p. when compared to the previous quarter.
- The exchange rate of the Brazilian real in this period was 3.25 R$/USD, which represented a depreciation of 2.84% when compared to the previous quarter.
- Inflation stood at 2.82% in 4Q17, after an increase of 0.25 p.p. when compared to 3Q17. That increase broke the downward trend after several months of consecutive declines.
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