Economic activity dropped 0.36%

13 de maio de 2016

Brasília – The Brazilian Central Bank’s Economic Activity Index (IBC-Br) dropped 0.36% in March from February this year. It was the 15th consecutive month of decline. In March from March 2015 the index slid 6.31%, the Central Bank reported this Friday (13th).

Year-on-year in Q1, the IBC-Br fell 6.27% as per non-adjusted numbers. In Q1 from Q4 2015, based on seasonally adjusted data, the index was down 1.44%.

The IBC-Br tracks the evolution of Brazilian economic activity. It incorporates information on activity levels in all three sectors of the economy: industry, trade and services, and agriculture and livestock farming, plus tax collection data. The official measure of economic performance, however, is the Gross Domestic Product (GDP – the sum of all wealth produced in the country), gauged by the Brazilian Institute of Geography and Statistics (IBGE).

*Translated by Gabriel Pomerancblum