In June, economic activity rose 0.7% 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 flat reading observed in May and market expectations of a 0.5% increase. In fact, economic activity expanded at the fastest pace seen since March 2011. On an annual basis, economic activity rose 1.0% in June, which was slightly below the 1.1% increase observed in May. Moreover, the trend continues to point downwards, with annual average growth falling from 1.4% in May to 1.2% in June. 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 15 months
September 10, 2012
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Brazil Economic News
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.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.
September 28, 2016
Business sentiment improved in September, according to the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence indicator.