Brasília – Economic activity is in decline this year. According to the Economic Activity Index (IBC-Br) by the Brazilian Central bank, already seasonally adjusted, the decline was of 1.89% in Q2 this year, compared to the previous time period of January to March.
The IBC-Br is a measure to assess the evolution of the Brazilian economic activity. The index includes information about the activity level of the three sectors of the economy: industry, retail and services and agriculture. In comparison to Q2 2014 the decline was of 3.9%, according to the not-adjusted data, since the comparison is being done between the same time periods.
In June, the IBC-Br also registered a drop of 0.58% over May (seasonally adjusted data). In H1 there was a decline of 2.58% and year-to-June registered a drop of 1.64%. According to non-adjusted data, there was a decline of 2.49% in H1 and of 1.61% year-to-year.
The official indicator about the economy’s performance is the Gross Domestic Product (GDP), measured by the Brazilian Institute of Geography and Statistics (IBGE). In the assessment made by the financial market, the GDP should have a decline of 2.01% this year.
*Translated by Sérgio Kakitani
