Brasília – Economic activity in Brazil was up 0.36% in February from January, following a 0.11% decline in January from December 2014. The Brazilian Central Bank’s Economic Activity Index (IBC-Br) climbed from 145.50 points in January to 146.03 points in February.
The data are seasonally adjusted, meaning that several factors affecting the economy at certain points in time throughout the year have been accounted for. The IBC-Br keeps track of economic activity in Brazil. It incorporates information on activity levels in the three sectors of economy: industry, trade and services and agriculture.
The index’s figures provide the Central Bank’s interpretation of growth in the country. Hwoever, in Brazil, official figures for the Gross Domestic Product (GDP, the sum of all goods and services produced domestically) are issued by the Brazilian Institute of Geography and Statistics (IBGE).
*Translated by Gabriel Pomerancblum
