The IBC-Br index of economic activity in Brazil fell 1.59 percent from a month earlier in March of 2021, reversing from an upwardly revised 1.89 percent expansion in February but less than market expectations of a 3.75 percent contraction. It was the first drop in economic activity since April of 2020, and the eighth largest since the series began in 2003, due to lockdowns to counter resurging coronavirus infections. Considering the January-March period, the index rose 2.3 percent from the last quarter of 2020, pushing away fears of an economic contraction in the first quarter of 2021. Year-on-year, the Brazilian economy advanced a non-seasonally adjusted 6.26 percent. source: Banco Central do Brasil
Leading Economic Index in Brazil averaged 0.16 percent from 2003 until 2021, reaching an all time high of 5.33 percent in June of 2020 and a record low of -9.14 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 May of 2021.
Leading Economic Index in Brazil is expected to be 0.50 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 1.00 in 12 months time. In the long-term, the Brazil IBC-Br Economic Activity Index is projected to trend around 1.00 percent in 2022, according to our econometric models.