Brazil Leading Economic Index

Last Release

Nov 30, 2024

Actual

0.1

Units In

0.1

Frequency

Monthly

Next Release

Feb 19, 2025

Time to Release

1 Months 1 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
5.06 Jun 2020	-9.92 Apr 2020	0.15 %	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 0.1% month-on-month in November 2024, matching the pace set in October, contrary to analysts' expectations that it would remain unchanged. This increase was likely propelled by positive performance in agriculture. However, the services sector, the main engine of Brazil's economy, fell by a more-than-expected 0.9% in November, notching the biggest monthly drop since April 2023. At the same time, industrial activity shrank by 0.6% during the month and retail activity decreased by 0.4%. On a non-seasonally adjusted basis, the IBC-Br grew by 4.3% over November 2023 and increased by 3.6% over the past 12 months.