The IBC-Br index of economic activity in Brazil shrank 0.27 percent over a month earlier in December 2019, following a downwardly revised 0.11 percent contraction in the previous month and compared with market expectations of a 0.23 percent decline. It was the steepest contraction in economic activity in eleven months. Year-on-year, the Brazilian economy grew a non-seasonally adjusted 1.28 percent, after rising a downwardly revised 0.76 percent in the prior month. Considering 2019 as a whole, the economic activity expanded 0.89 percent.
Leading Economic Index in Brazil averaged 0.17 percent from 2003 until 2019, reaching an all time high of 3.25 percent in June of 2018 and a record low of -3.39 percent in May of 2018. 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. source: Banco Central do Brasil
Leading Economic Index in Brazil is expected to be 0.50 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 2021, according to our econometric models.