The seasonally adjusted (adjusted for the period) Central Bank Economic Activity Index (IBC-Br) expanded by 0.07% in August compared to July this year, according to data released today (14), in Brasilia, by the Central Bank. (BC).
Compared to August 2018, there was a decrease of 0.73% (without adjustment for the period). In the 12 months ending August, the indicator grew 0.87%. In the year, there was growth of 0.66%.
The IBC-Br is a way of assessing the evolution of Brazilian economic activity and helps the Central Bank make its decisions on the Selic.
The index incorporates information on the level of activity of the three sectors of the economy: industry, trade and services and agriculture, as well as the volume of taxes.
The indicator was created by the BC to monitor monthly economic activity. But the official indicator, with a different methodology from IBC-Br, is the Gross Domestic Product (GDP), calculated by the Brazilian Institute of Geography and Statistics (IBGE) and released quarterly.
Source: Agência Brasil