The IBC-Br index of economic activity in Brazil advanced 0.07 percent over a month earlier in August 2019, rebounding from a downwardly revised 0.07 percent fall in July, but slightly below market forecasts of a 0.1 percent gain. Year-on-year, the Brazilian economy shrank a non-seasonally adjusted 0.73 percent, following an upwardly revised 1.62 percent expansion in the previous month. Leading Economic Index in Brazil averaged 0.16 percent from 2003 until 2019, reaching an all time high of 3.20 percent in June of 2018 and a record low of -3.44 percent in May of 2018.
Leading Economic Index in Brazil is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Brazil to stand at 0.80 in 12 months time. In the long-term, the Brazil IBC-Br Economic Activity Index is projected to trend around 1.10 percent in 2020, according to our econometric models.