Central Bank “GDP preview” slows down in August

gdp preview brazil slow recovery

The Brazilian Central Bank’s IBC-Br index — seen as a preview of the country’s GDP — rose by 1.06 percent in August, below market forecasts of a 1.7-percent spike and July’s 2.15-percent growth. Still, it is the fourth consecutive month of recovery. 

Since January, the IBC-Br has fallen 3.92 percent, while markets’ consensus expected a 4.10-percent plunge. On a year-to-date basis, the index is down 5.44 percent, worse than the 4.7-percent drop in economic activity expected by the Economy Ministry.

Support this coverage →Support this coverage →