Brazil Leading Economic Index

Last Release

Oct 31, 2024

Actual

0.1

Units In

0.8

Frequency

Monthly

Next Release

Jan 20, 2025

Time to Release

1 Months 5 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
5.06 Jun 2020	-9.92 Apr 2020	0.16 %	2003-2024	N/A

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.

Latest Updates

The IBC-Br Index of Economic Activity in Brazil, a leading indicator of output growth, rose by a slower 0.1% month-on-month in October 2024, compared to a revised 0.9% growth in September, though it was better than market forecasts of a 0.2% decline. It was the weakest expansion since a 0.3% contraction in July, driven by poor industrial production performance (-0.2% vs. 1% in September) and a slowdown in retail activity (0.4% vs 0.6%). Meanwhile, the service sector, which accounts for about 70% of all activity in Brazil, rose by a more-than-expected 1.1% in October, following a 1% increase in the prior month. On a non-seasonally adjusted basis, the IBC-Br surged by 7.3% over October 2023 and grew by 3.4% over the past 12 months.