The BC-Br index of economic activity in Brazil fell 0.26 percent month-on-month in December of 2016, following a downwardly revised 0.1 percent rise in November and slightly worse than market expectations of a 0.2 percent decline. It is the biggest drop in four months. Year-on-year, output contracted 2.4 percent after declining 2.3 percent in November. Considering full 2016, economic activity shrank 4.55 percent. Leading Economic Index in Brazil averaged 0.17 percent from 2003 until 2016, reaching an all time high of 2.05 percent in January of 2004 and a record low of -3.28 percent in December of 2008.
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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. 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 – actual data, historical chart and calendar of releases – was last updated on February of 2017.