Brasilia – Economic activity declined 0.11% in January over December. In a comparison with the same month of last year, the drop was higher: 1.34%. The percentage figures, released this Monday (16th) by the Brazilian Central Bank (BC), are seasonally adjusted. This means they account for the effects that different seasons of a year have over the economy.
Considering a 12-month cumulative period, there was a decline of 0.39%. The IBC-Br is an index to evaluate the evolution of the Brazilian economic activity. It includes information about the activity level of the economy’s three sectors: industry, trade and services and agriculture.
*Translated by Sérgio Kakitani
