The IBC-Br Index of Economic Activity in Brazil, a leading indicator of output growth, jumped by 0.82% from the previous month in December of 2023, picking up from the flat reading in the previous month to point to the sharpest expansion since April. The result was above market expectations of a 0.75% expansion, reducing the urgency for the central bank to extend its cutting cycle for many decisions to come. Other releases from the country's statistical institute showed a sharp expansion in industrial production and a slighter increase in services output over the period, while retail sales booked a marked contraction. source: Banco Central do Brasil

Leading Economic Index Brazil increased 0.82 percent in December of 2023 over the same month in the previous year. Leading Economic Index in Brazil averaged 0.16 percent from 2003 until 2023, reaching an all time high of 5.06 percent in June of 2020 and a record low of -9.92 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 February of 2024.

Leading Economic Index Brazil increased 0.82 percent in December of 2023 over the same month in the previous year. Leading Economic Index in Brazil is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil IBC-Br Economic Activity Index is projected to trend around 2.00 percent in 2025, according to our econometric models.

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Brazil IBC-Br Economic Activity Index


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-19 12:00 PM
IBC-BR Economic Activity
Nov 0.01% -0.18% 0.1% -0.1%
2024-02-19 12:00 PM
IBC-BR Economic Activity
Dec 0.82% 0.10% 0.75% 0.4%
2024-03-18 12:00 PM
IBC-BR Economic Activity
Jan 0.82% -0.2%


Related Last Previous Unit Reference
Business Confidence 52.70 53.20 points Feb 2024
Manufacturing PMI 52.80 48.40 points Jan 2024
Services PMI 53.10 50.50 points Jan 2024
Composite PMI 53.20 50.00 points Jan 2024
Industrial Production Mom 1.10 0.70 percent Dec 2023
Industrial Production 1.00 1.30 percent Dec 2023
Manufacturing Production -2.10 -0.90 percent Dec 2023
Capacity Utilization 78.40 78.30 percent Dec 2023
Changes in Inventories -14707.32 551.45 BRL Million Sep 2023
Car Registrations 162.00 249.00 Thousand Jan 2024
Car Production 152564.00 171578.00 Units Jan 2024
Total Vehicle Sales 187753.00 160688.00 Units Dec 2023
Leading Economic Index 0.82 0.01 percent Dec 2023
Small Business Sentiment 51.20 50.50 points Jan 2024
Composite Leading Indicator 101.04 100.88 points Jan 2024
IP Addresses 26855780.00 26798386.00 IP Mar 2017
Internet Speed 6819.06 6391.73 KBps Mar 2017
Steel Production 2500.00 2500.00 Thousand Tonnes Jan 2024
Mining Production 16.97 14.50 percent Dec 2023
Corruption Index 36.00 38.00 Points Dec 2023
Corruption Rank 104.00 94.00 Dec 2023
Ease of Doing Business 124.00 109.00 Dec 2019
Competitiveness Rank 71.00 72.00 Dec 2019
Competitiveness Index 60.93 59.51 Points Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.82 0.01 5.06 -9.92 2003 - 2023 percent Monthly
2002=100, SA

News Stream
Brazilian Leading Indicator Rises the Most in 8 Months
The IBC-Br Index of Economic Activity in Brazil, a leading indicator of output growth, jumped by 0.82% from the previous month in December of 2023, picking up from the flat reading in the previous month to point to the sharpest expansion since April. The result was above market expectations of a 0.75% expansion, reducing the urgency for the central bank to extend its cutting cycle for many decisions to come. Other releases from the country's statistical institute showed a sharp expansion in industrial production and a slighter increase in services output over the period, while retail sales booked a marked contraction.
2024-02-19
Brazil Economic Activity Nearly Stalls in November
The IBC-Br Index of Economic Activity in Brazil, a leading indicator of output growth, was almost flat over a month earlier in November 2023, after an upwardly revised 0.18% decrease in October and missing market estimates of a 0.1% rise. Retail activity saw a marginal 0.1% increase in November compared to the prior month, while industrial production recorded a 0.5% growth. The service sector, which accounts for about 70% of all activity in Brazil, rose 0.4% in November from the previous month, entering positive territory for the first time in four months. On a non-seasonally adjusted basis, the IBC-Br rose by 2.19% over November 2022 and grew by 2.31% over the 12 months.
2024-01-19
Brazil Economic Activity Contracts Again in October
The IBC-Br Index of Economic Activity in Brazil, a leading indicator of output growth, fell by 0.06% over a month in October 2023, after a downwardly revised 0.05% decrease in September and missing market estimates of a 0.1% rise. This data corroborates earlier indications pointing towards an economic slowdown. The service sector, which accounts for about 70% of the country's GDP, contracted by 0.6% in October, extending a 0.3% fall in the previous month. Also, retail activity shrank by 0.3%, following a 0.5% increase in the prior month. Meanwhile, industrial production saw a marginal increase of 0.1% in October, after being unchanged in the preceding month. On a non-seasonally adjusted basis, the IBC-Br rose by 1.54% over October 2022 and expanded by 2.19% over the 12 months.
2023-12-20