The IBC-Br index of economic activity in Brazil rose by a meager 0.02 percent in October 2018, after an upwardly revised 0.16 percent contraction in September and compared with market expectations of a 0.2 percent contraction. Year-on-year, the Brazilian economy advanced a non-seasonally adjusted 2.99 percent, following an upwardly revised 0.91 percent expansion in the preceding month. Leading Economic Index in Brazil averaged 0.18 percent from 2003 until 2018, reaching an all time high of 3.49 percent in June of 2018 and a record low of -3.38 percent in May of 2018.
Leading Economic Index in Brazil is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Brazil to stand at 0.30 in 12 months time. In the long-term, the Brazil IBC-Br Economic Activity Index is projected to trend around 0.40 percent in 2020, according to our econometric models.