The IBC-Br Index of Economic Activity in Brazil, a leading indicator of output growth, jumped by 0.82% from the previous month in December of 2023, picking up from the flat reading in the previous month to point to the sharpest expansion since April. The result was above market expectations of a 0.75% expansion, reducing the urgency for the central bank to extend its cutting cycle for many decisions to come. Other releases from the country's statistical institute showed a sharp expansion in industrial production and a slighter increase in services output over the period, while retail sales booked a marked contraction. source: Banco Central do Brasil
Leading Economic Index Brazil increased 0.82 percent in December of 2023 over the same month in the previous year. Leading Economic Index in Brazil averaged 0.16 percent from 2003 until 2023, reaching an all time high of 5.06 percent in June of 2020 and a record low of -9.92 percent in April of 2020. This page provides the latest reported value for - Brazil Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil IBC-Br Economic Activity Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.
Leading Economic Index Brazil increased 0.82 percent in December of 2023 over the same month in the previous year. Leading Economic Index in Brazil is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil IBC-Br Economic Activity Index is projected to trend around 2.00 percent in 2025, according to our econometric models.