Brasília – Brazilian economic activity declined in quarter two this year. According to the Brazilian Central Bank’s Economic Activity Index (IBC-Br) seasonally adjusted, there was a decline of 1.2% in quarter two from quarter one this year.
Quarter two-on-quarter two, the decline was 1.54%, according to non-seasonally adjusted data, since equal periods are being compared.
In June, the IBC-Br was also down, by 1.48%, from May (seasonally adjusted figures). This was the sharpest downturn since May 2013, when the index declined by 1.68%. The index was up 0.13% in the first half and 1.5% in the twelve-month period ended June. The seasonally adjusted rate for the twelve-month period ended June was up 1.41%.
The IBC-Br is a means for assessing the Brazilian economy development. The index provides information on activity levels in the three sectors of the economy: industry, retail and services, and agriculture.
*Translated by Rodrigo Mendonça
