Brasilia – The Brazilian Central Bank’s Economic Activity Index (IBC-Br), seasonally adjusted for the period, showed a decrease by 0.31% in November 2013 in relation to October. The decrease came after the increase by 0.71% registered in October, according to revised data.
In comparison to November 2012, there was an increase by 1,34% (unadjusted). Last year until November, the IBC-Br showed an expansion by 2.68%. In the 12 month period ending in November, there was an increase by 2.43%.
The IBC-Br is form of evaluating the evolution of economic activities in Brazil. The index incorporates information on the activity level in the three sectors of the economy: industry, trade and services, and agriculture and livestock. The Central Banks believes it is important to follow this indicator for a fuller comprehension of Brazilian economy.
*Translated by Silvia Lindsey
