The second week of April is not as packed with releases as the first but there are economic activity and retail sales data and the interest rate decision. Below is the full schedule of economic releases in Brazil from Monday, April 10 to Friday, April 14 (all times are local).
The second week of April kicks-off with inflation data, collected by the FGV. Tuesday has the weekly FIPE CPI for Sao Paulo. Wednesday brings economic activity and retail sales data and, at the end of the day, the Central Bank’s Monetary Policy Committee will give its rate decision. Friday is a national holiday (Good Friday).
★★★ Market Mover
Monday, April 10
The week starts with consumer inflation data, published by the FGV, and also the IGP-M preview. Twenty-five minutes later, the Central Bank’s Focus Survey will be disclosed. In the afternoon, trade balance data for the month will be released.
08:00 am | FGV CPI IPC-S | ★★
08:00 am | IGP-M Inflation First Preview | ★
08:25 am | Central Bank Weekly Economist Survey | ★★
03:00 pm | Trade Balance Data | ★★★
Tuesday, April 11
Tuesday starts early with inflation data, the Weekly measure from FIFE, which records the rate of inflation in Sao Paulo.
05:00 am | FIPE CPI (Weekly Measures) | ★
Wednesday, April 12
Wednesday is the highlight of the week in terms of data releases, the day kicks off with the IBC-Br economic activity index (forecast: 01%), then 30 minutes later will be the release of retail sales (expected to be positive for the month) and, finally, the end of the day has the rate decision of the Copom.
08:30 am | IBC-Br Economic Activity Index | ★★
09:00 am | Retail Sales (MoM and YoY) | ★★
12:30 pm | Weekly Currency Flows| ★
06:00 pm | Interest Rate Decision | ★★
Thursday, April 13
The penultimate day of the week only has the services sector volume index.
09:00 am | Services Sector Volume Index | ★★
Friday, April 14
There are no top-line data releases today as it is a national holiday (Good Friday).
A short and light week on the data front, the main event will be the Copom’s Selic rate decision. A 100 basis point cut seems fairly priced in by now, but could the Committee throw a curve ball by cutting extra? Or going the other way and only trimming the rate by 75 basis points? Wednesday will reveal all.
Have a productive week and Happy Easter.