Oct 13, 2011

Brazil: Activity Level

The Central Bank of Brazil announced today the IBC-Br. The IBC-R is an indicator of economic activity, calculated from figures of the industry, services and agriculture, and serves as a proxy for GDP growth in Brazil. In August, the IBC-br fell 0.53% compared to July, and rose 2.02% compared to August last year. These data show that economic activity in Brazil is in a slow down process. The chart below shows the recent evolution of the IBC-Br.

Source: Central Bank of Brazil

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