In August, economic activity rose 1.0% over the previous month in seasonally adjusted terms, according to the Central Bank's monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The figure was above both the 0.5% increase observed in July and market expectations of a 0.9% rise. In fact, economic activity expanded at the fastest pace seen since March 2011. On an annual basis, economic activity expanded 2.7% in August, which was above the 2.3% increase observed in July. The trend stabilized, with annual average growth remaining unchanged at July's 1.2%. The IBC-Br is highly correlated to the GDP series and thus represents a good proxy for economic growth.
Brazil Economic Activity
Economic activity increases at fastest pace in 17 months
October 11, 2012
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Brazil Economic Activity Chart
Note: Month-on-month (s.a.) and annual average growth of the IBC-Br (Indice de Atividade Economica do Banco Central).
Source: Central Bank of Brazil.
Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.