Dec 14, 2011

Brazil: Activity Level - October 2011

The Central Bank of Brazil announced today the IBC-Br for October. The IBC-Br is an indicator of economic activity, calculated from figures of the industry, services and agriculture, and serves as a proxy for GDP performance in Brazil. In October, the IBC-br fell 0.32% compared to September, and rose 0.35% compared to October from the year before.. These data confirms 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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