The IBC-Br (Economic Activity Index of the Central Bank), considered an informal preview of the GDP (Gross Domestic Product), rose 0.34% compared to the previous month. The data were released today by the BC (Central Bank).
The result was below the expectation in a Reuters poll of a 0.5% advance in the median of projections.
In comparison with February last year, the indicator grew by 0.66%.
In 12 months, it rose 4.82% and, in the year, the IBC-Br grew 0.44%.
Focus Bulletin released last Tuesday (26) showed that the market estimated a rise of 0.65% for 2022 GDP, a strong deceleration compared to the 4.6% growth recorded in 2021. The Ministry of Economy indicates growth of 1.5% in the year, a figure released in March.
The February IBC-Br was released late due to the strike by Central Bank employees.
Understand the IBC-Br
The BC indicator is seen by the market as an anticipation of the GDP result. It is released monthly by the Central Bank, while the GDP is released every three months by the IBGE (Brazilian Institute of Geography and Statistics).
The IBC-Br serves as a basis for investors and companies to adopt short-term measures. However, it does not necessarily reflect the annual result of the GDP and, in some cases, it is quite distant.
The BC indicator takes into account the trajectory of variables considered as good indicators for the performance of the sectors of the economy (agriculture, industry and services).
The estimate incorporates the estimated production for the three sectors, plus taxes on products. The GDP calculated by the IBGE is the sum of all goods and services produced in the country during a certain period.
Com Reuters
