The IBC-Br index of economic activity in Brazil grew 1.31 percent over a month earlier in May 2020, recovering from a downwardly revised record 9.45 percent contraction in the previous month. It was the sharpest expansion in economic activity since June last year, amid the easing of coronavirus lockdown restrictions. Year-on-year, the Brazilian economy plunged a non-seasonally adjusted 14.24 percent, after shrinking downwardly revised 14.61 percent in the prior month.

Leading Economic Index in Brazil averaged 0.08 percent from 2003 until 2020, reaching an all time high of 3.26 percent in June of 2018 and a record low of -9.73 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 August of 2020. source: Banco Central do Brasil

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 0.50 in 12 months time. In the long-term, the Brazil IBC-Br Economic Activity Index is projected to trend around 0.80 percent in 2021 and 1.00 percent in 2022, according to our econometric models.

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Brazil IBC-Br Economic Activity Index

Actual Previous Highest Lowest Dates Unit Frequency
1.31 -9.73 3.26 -9.73 2003 - 2020 percent Monthly
SA 2002=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 12:00 PM Feb 0.35% -0.01% 0.2% -0.3%
2020-05-15 12:00 PM Mar -5.9% 0.32% -6.95% -6.3%
2020-06-18 12:00 PM Apr -9.73% -6.2% -11% -8%
2020-07-14 12:00 PM May 1.31% -9.45% 3%
2020-08-14 12:00 PM Jun 1.31% 1.5%
2020-09-14 12:00 PM Jul
2020-10-15 12:00 PM Aug
2020-11-13 12:00 PM Sep -0.3%


News Stream
Brazil Economic Activity Recovers in May
The IBC-Br index of economic activity in Brazil grew 1.31 percent over a month earlier in May 2020, recovering from a downwardly revised record 9.45 percent contraction in the previous month. It was the sharpest expansion in economic activity since June last year, amid the easing of coronavirus lockdown restrictions. Year-on-year, the Brazilian economy plunged a non-seasonally adjusted 14.24 percent, after shrinking downwardly revised 14.61 percent in the prior month.
2020-07-14
Brazil Economic Activity Contracts the Most on Record
The IBC-Br index of economic activity in Brazil shrank 9.73 percent over a month earlier in April 2020, following an upwardly revised 6.2 percent drop in the previous month and compared with market expectations of an 11 percent plunge. It was the steepest contraction in economic activity on record, as the covid-19 pandemic hit the economy. Year-on-year, the Brazilian economy slumped a non-seasonally adjusted 15.09 percent, after shrinking 1.84 percent in the prior month.
2020-06-18
Brazil Economic Activity Contracts at Record Pace
The IBC-Br index of economic activity in Brazil shrank 5.9 percent over a month earlier in March 2020, after growing a downwardly revised 0.32 percent in February and compared with market expectations of a 6.95 percent drop. It was the sharpest contraction in economic activity on record, as the coronavirus outbreak hit the economy. Year-on-year, the Brazilian economy shrank 1.52 percent, following a downwardly revised 0.58 percent expansion in the prior month.
2020-05-15
Brazil Economic Activity Expands More than Expected
The IBC-Br index of economic activity in Brazil grew 0.35 percent over a month earlier in February 2020, following a downwardly revised 0.01 percent contraction in the previous month and beating market forecasts of a 0.2 percent expansion. Year-on-year, the Brazilian economy advanced a non-seasonally adjusted 0.60 percent, after growing a downwardly revised 0.06 percent in January.
2020-04-14

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.