São Paulo – Brazil’s compound economy indicator Indicador Antecedente Composto da Economia (IACE) climbed again in January, by 1.3% to 116.5 points. It had gone up 0.9% to 114.5 last December. Seven out of eight of the indicator’s components increased, markedly Ibovespa, the São Paulo Stock Exchange index, which climbed 11.1%.
The IACE is supplied by the Brazilian Institute of Economics at Fundação Getulio Vargas (Ibre/ FGV) in tandem with the United States’ The Conference Board (TCB). It enables comparisons between Brazil and the scenarios in 11 other countries and regions.
The IACE comprises expectation surveys covering industry, services and consumers; durable consumer goods output; exports; terms of Exchange; Ibovespa; and prefixed 360-day DI swap reference rates.
*Translated by Gabriel Pomerancblum
