Brazil's IBC-Br Growth Slows in May

Brazil’s IBC-Br economic activity index rose 0.1% month-over-month in May 2026, easing from a 0.5% increase in the previous month but slightly above forecasts for a flat reading. Industrial activity increased 0.4%, matching April's pace, while services rose 0.1% after a 0.3% increase in the previous month. Likewise, the taxes index advanced 0.1% following a 0.3% rise in April. Meanwhile, the agriculture and livestock sector contracted 1.0% after posting a flat reading in April. Excluding agriculture and livestock, the IBC-Br rose 0.2% in May.

Brazil’s IBC-Br economic activity index rose 0.5% month-over-month in April 2026, rebounding from a 0.7% decline in the previous month and slightly below forecasts of 0.6%. Industrial activity increased 0.4% after a 0.2% drop in March, while services rose 0.3% following a 0.8% decline. The taxes index advanced 0.3% after falling 0.2% in the previous month. Meanwhile, the agriculture and livestock sector was flat after a 0.2% contraction in March. Excluding agriculture and livestock, the IBC-Br rose 0.4%.

Brazil’s IBC-Br economic activity index fell 0.7% month-on-month in March 2026, reversing a 0.6% increase in February and missing forecasts for a 0.2% decline. The services sector contracted 0.8% after expanding 0.3% in the previous month. Industrial activity and the agriculture and livestock sector both declined 0.2%, following gains of 1.2% and 0.2%, respectively, in February. The taxes index also fell 0.2% after rising 0.8% in the prior month. Excluding agriculture and livestock, the IBC-Br dropped 0.9% in March. On an annual basis, the index expanded 3.1%.