Brasília – The Brazilian economic activity registers a drop this year. That is what shows the Index of Economic Activity (IBC-Br, acronym in Portuguese) released this Monday (15) by the Central Bank of Brazil (BC, acronym in Portuguese). In February, the index presented a 0.73% drop compared to January, according to non-seasonalized data (adjusted for the period).
Over the 12 months ending in February 2019, there was a 1.21% growth. Over the first two months compared to the same period of 2018, there was a 1.66% growth. And on February over the same month of last year, the growth reached 2.49%. This data is not seasonally adjusted because the comparison is between equal periods.
IBC-Br is a way to evaluate Brazilian economic activity evolution and helps BC to make decisions about its base interest rate, SELIC. The official economy indicator is the Brazilian Gross Product (GDP) by the Brazilian Institute of Geography and Statistics (IBGE, acronym in Portuguese).
Translated by Guilherme Miranda
