CEIC Brazil GDP Nowcast

We are pleased to announce the addition of the Brazil GDP Nowcast – a proprietary dataset designed by CEIC Insights aimed to anticipate Brazil's GDP growth on a real-time basis.

The rapidly changing economic environment has made timeliness crucial for any decision-making process. In today's data-driven world, quarterly indicators like GDP are not enough, while traditional high-frequency indicators provide fragmentary signals for the state of the economy. 

What is the GDP Nowcast?

GDP Nowcast shows the current state of the economy in real-time without having to wait for the official quarterly GDP data. We nowcast economic growth by using a set of selected high-frequency indicators that reflect all aspects of the economy, including manufacturing, consumption, services, financial sector, prices, external trade, and others.

Why are we “nowcasting”?

GDP data is released with significant lags and is not representative of the current state of the economy, while individual high-frequency indicators provide only fragmentary signals for the economic status quo. In contrast, our GDP Nowcast methodology is a combination of both – a comprehensive picture of the whole economy that is updated in real-time, which makes it a preferred tool for decision making and timely analysis.

Will CEIC Data have the GDP Nowcast for other countries?

We are planning an expansion of the country coverage for this dataset, focusing on other key economies. 

Brazil GDP Nowcast Registration 

We are pleased to be able to offer access to the Brazil GDP Nowcast. Sign up and access data graphs, charts, weekly analysis and Brazil-related CEIC economic reports and archived webinars. If you are already a CEIC user, you can access the dataset here.