Brazil’s IBC-Br economic activity index fell 0.2% month-on-month in December 2025, after rising 0.7% in November, but performed better than expectations of a 0.5% contraction. This marked the sharpest monthly decline since July. The drop was driven by services, which fell 0.3% after a 0.6% increase in November. Meanwhile, agriculture and livestock expanded 2.3%, rebounding from a 0.3% decline, and industrial output rose 0.3%, following a 0.8% gain in the previous month. On a non-seasonally adjusted basis, the index increased 3.1% year-on-year in December. source: Banco Central do Brasil

Leading Economic Index Brazil decreased 0.20 percent in December of 2025 over the same month in the previous year. Leading Economic Index in Brazil averaged 0.16 percent from 2003 until 2025, reaching an all time high of 4.40 percent in June of 2020 and a record low of -9.00 percent in April of 2020. This page provides the latest reported value for - Brazil Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil IBC-Br Economic Activity Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Leading Economic Index Brazil decreased 0.20 percent in December of 2025 over the same month in the previous year. Leading Economic Index in Brazil is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil IBC-Br Economic Activity Index is projected to trend around 0.50 percent in 2027 and 0.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 12:00 PM
IBC-BR Economic Activity
Nov 0.7% -0.1% 0.3% 0.1%
2026-02-19 12:00 PM
IBC-BR Economic Activity
Dec -0.2% 0.7% -0.5% -0.4%
2026-03-17 12:00 PM
IBC-BR Economic Activity
Jan -0.2%


Related Last Previous Unit Reference
Business Confidence 48.20 48.50 points Feb 2026
Capacity Utilization 72.60 77.90 percent Dec 2025
Car Production MoM 184474.00 219100.00 Units Dec 2025
New Car Registrations MoM 279416.00 238600.00 Units Dec 2025
Changes in Inventories 16607.34 51495.73 BRL Million Sep 2025
Composite Leading Indicator 102.12 101.74 points Jan 2026
Corruption Index 35.00 34.00 Points Dec 2025
Corruption Rank 107.00 107.00 Dec 2025
Industrial Production YoY 0.40 -1.40 percent Dec 2025
Industrial Production MoM -1.20 -0.20 percent Dec 2025
IBC-BR Economic Activity -0.20 0.70 percent Dec 2025
Manufacturing Production -1.00 -2.50 percent Dec 2025
Mining Production 7.00 4.90 percent Dec 2025
Small Business Sentiment 47.90 47.90 points Jan 2026
Steel Production 2600.00 2800.00 Thousand Tonnes Dec 2025
Total Vehicle Sales 125136.00 210714.00 Units Jan 2026


Brazil IBC-Br Economic Activity Index
In Brazil, the Economic Activity Index (IBC-Br) is considered as a preview of the GDP figures and it is widely used by the Central Bank's Monetary Policy Committee to determine whether to modify basic interest rate. The index reflects the performance of the three main sectors of the economy: agriculture, industry and services and has a base value of 100 as of 2002.
Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.70 4.40 -9.00 2003 - 2025 percent Monthly
2022=100, SA

News Stream
Brazil Economic Activity Contracts in December
Brazil’s IBC-Br economic activity index fell 0.2% month-on-month in December 2025, after rising 0.7% in November, but performed better than expectations of a 0.5% contraction. This marked the sharpest monthly decline since July. The drop was driven by services, which fell 0.3% after a 0.6% increase in November. Meanwhile, agriculture and livestock expanded 2.3%, rebounding from a 0.3% decline, and industrial output rose 0.3%, following a 0.8% gain in the previous month. On a non-seasonally adjusted basis, the index increased 3.1% year-on-year in December.
2026-02-19
Brazil Economy Activity Rebounds in November
Brazil’s IBC-Br economic activity index rose by 0.7% month-over-month in November 2025, bouncing back from a revised 0.1% fall in October and beating market forecasts of a 0.3% growth. This marked the strongest advance since March 2025, driven by industry (0.8% vs -0.9% in October) and services (0.6% vs 0.1%). On the other hand, output decreased for agriculture and livestock (-0.3% vs 1.6%). On a non-seasonally adjusted basis, the IBC-Br rose by 1.2% over November 2024.
2026-01-16
IBC-Br Falls Again in October
Brazil’s IBC-Br economic activity index fell 0.2% month-over-month in October 2025, matching the decline recorded in September. Industrial output contracted 0.7%, while services activity declined 0.2% and tax revenues fell 0.4%. In contrast, agriculture and livestock expanded 3.1%. Excluding agriculture, the IBC-Br decreased 0.3%. On a year-on-year basis, overall economic activity grew 0.4%.
2025-12-15