# Brazil Narrow Money (M1)

Brazil Narrow Money (M1) was up 3.2% year on year in September 2026, compared with 3.7% in August 2026.
The level stood at 654,222,301 BRL thousand.
Among the 9 economies Makrognosis covers on this measure, it is the 2nd lowest.
Over the past ten years it has ranged from −6.4% (Jul 2022) to 54.6% (Oct 2020), averaging 7.9%.

- Source agency: Banco Central do Brasil SGS (Sistema Gerenciador de Series Temporais)
- Makrognosis code: `BR.M1.M.NSA`
- Frequency: monthly
- Units: BRL thousand
- Coverage: 2002-01-01 to 2026-09-01 (297 observations)
- Page: https://makrognosis.robomacro.com/data/brazil/narrow-money-m1

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| September 2026 | 654,222,301 BRL thousand | 3.2 |
| August 2026 | 652,901,205 BRL thousand | 3.7 |
| July 2026 | 644,046,838 BRL thousand | 3.1 |
| June 2026 | 663,285,923 BRL thousand | 3.9 |
| May 2026 | 651,118,450 BRL thousand | 2.9 |
| April 2026 | 646,044,946 BRL thousand | 1.7 |
| March 2026 | 631,507,323 BRL thousand | 1.1 |
| February 2026 | 627,834,435 BRL thousand | 0.03 |
| January 2026 | 622,015,503 BRL thousand | 0.6 |
| December 2025 | 665,600,322 BRL thousand | −1.7 |
| November 2025 | 626,881,256 BRL thousand | −1.7 |
| October 2025 | 611,823,729 BRL thousand | −2.0 |
| September 2025 | 633,850,899 BRL thousand | −2.0 |
| August 2025 | 629,644,973 BRL thousand | −3.0 |
| July 2025 | 624,936,009 BRL thousand | −2.4 |
| June 2025 | 638,208,964 BRL thousand | −1.4 |
| May 2025 | 633,033,849 BRL thousand | −0.3 |
| April 2025 | 635,550,312 BRL thousand | 2.6 |
| March 2025 | 624,610,121 BRL thousand | 3.2 |
| February 2025 | 627,623,053 BRL thousand | 4.8 |
| January 2025 | 618,269,518 BRL thousand | 3.4 |
| December 2024 | 677,275,508 BRL thousand | 5.1 |
| November 2024 | 637,926,183 BRL thousand | 5.3 |
| October 2024 | 624,046,032 BRL thousand | 6.3 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/BR.M1.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/BR.M1.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```