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.