Home Economy Preview of GDP, IBC-Br indicates growth of 0.89% of the Brazilian economy

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Preview of GDP, IBC-Br indicates growth of 0.89% of the Brazilian economy

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Preview of GDP, IBC-Br indicates growth of 0.89% of the Brazilian economy

economy

10:24 14.02.2020 (updated 11:36 14.02.2020) Short URL

Considered a preview of GDP, the Economic Activity Index (IBC-Br) of the Central Bank indicated a growth of the Brazilian economy of 0.89% in 2019, announced on Friday (14) the Central Bank.

This is the third consecutive year of growth. However, the revised GDP of 2018 was higher: 1.3%.

The market and government estimate for the country's growth in 2019 is 1.12%. The Central Bank forecast, in turn, is 1.2%.

From November to December 2019, the IBC-Br decreased 0.27%. But compared to the same month of 2018, December increased by 1.28%.

Published every month since 2010, the IBC-Br is a preview of the country's economic growth. The index covers the agricultural, industry and services sectors, as well as taxes on products.

The country's official GDP, which will be released on March 4, is measured by IBGE (Brazilian Institute of Geography and Statistics) and considers the result of all goods and services produced in a given period.

For 2020, the financial market estimates a 2.3% rise in GDP – but the coronavirus crisis in China may pull the index down.

Other indicators

Some official figures for 2019 have already been released. Last year, industrial production fell by 1.1%.

Pulled by the increase in beef, inflation in Brazil ended 2019 at 4.31%, a result above the center of the government's target of 4.25%, but within the tolerance margin of 1.5 percentage points.

The country's unemployment rate in the fourth quarter of 2019 was 11%, falling 0.8 percentage points in relation to the July-September quarter (11.8%). The average annual rate decreased from 12.3% in 2018 to 11.9% in 2019.

(tagsToTranslate) economic growth (t) Brazilian GDP (t) previous GDP (t) disclosure of the IBC-Br

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