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IPCA, retail sales and last Copom meeting highlighted in the week

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Consumer inflation (IPCA) and retail sales highlighted in the week that reserves the last Copom decision of the year (Image: REUTERS/Ricardo Moraes)

The first full week of December is full of important economic indicators and events in Brazil. The highlight is the last meeting of 2022 of the Monetary Policy Committee (Copom)🇧🇷

No changes are expected in the basic interest rate, with the Selic remaining at 13.75%. Still, the statement that will accompany the decision is expected to be hawkish, reflecting the fiscal uncertainties.

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The Copom announcement will be made on Wednesday, after the close of the local trading session. Afterwards, data on retail sales will be released on Thursday, and on consumer inflation (IPCA) on Friday.

Already abroad, price and activity indicators will also be known, on the same days. Among them, the Gross Domestic Product (GDP) in the euro zone, the CPI in China and the PPI in the United States.

Check out the main highlights of the week of December 5th to 9th (Brasília time):

Monday, December 5th

Time Country Indicator
06h euro zone Composite and Services PMI (November)
06:30 am UK Composite and Services PMI (November)
7 am euro zone Eurogroup meeting
8:25 am Brazil Focus report
09h Mexico Consumer Confidence
10 am Brazil Composite and Services PMI (November)
11:45 am USA Composite and Services PMI (November)

Tuesday, December 6th

Time Country Indicator
🇧🇷 Brazil Copom Meeting – 1st day

Wednesday, December 7th

Time Country Indicator
07h euro zone GDP 3Q22
08h Brazil IGP-DI
09h Brazil Production and sale of vehicles (November)
🇧🇷 Brazil Copom Meeting – 2nd day and Copom decision
20:50 Japan GDP 3Q22

Thursday, December 08

Time Country Indicator
All day Argentina Holiday
09h Mexico Consumer price index (November)
09h Brazil retail sales
09h euro zone Speech by Christine Lagarde, President of the ECB
10:30 am USA Weekly unemployment claims
10:30 pm China Consumer price index (November)

Friday, December 9th

Time Country Indicator
09h Brazil Broad Consumer Price Index (November)
10:30 am USA producer price index
4pm Argentina Consumer price index (November)
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Source: Moneytimes

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