The Central Bank of Brazil’s proxy activity index drops in March in comparison to February

CentralBank

After increasing 1.37% in February, the Brazilian economy lost strength in March, falling by 0.44% according to the Central Bank’s Economic Activity Index (IBC-Br), in seasonally adjusted terms.

The index fell to 135.23 points in March, compared to 135.83 points in the previous month.

The activity index recorded growth of 1.12% from January to March, compared to the previous quarter (October to December 2016). In comparison with the same period last year, also in seasonally adjusted terms, the indicator grew by 0.68%.

The Central Bank of Brazil uses the IBC-Br as a way to evaluate economic activity, also one of the metrics it uses to make decisions on the basic interest rate.

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