Central Bank of Brazil IBC-Br Economic Activity
The Index of Economic Activity of the Central Bank of Brazil (IBC-Br) is an indicator developed as a preliminary for the Gross Domestic Product (GDP) of the country. In this sense, it is a thermometer for the economy, where the Central Bank of Brazil uses this index as a tool to define the basic interest rate (Selic Rate) of the Brazilian economy.
This index includes growth estimates for the agricultural, industrial and service sectors, considering the evolution of the total production supply, together with import products, and also the taxes approved by the government and the national congress.
IBC-Br and the Gross Domestic Product (GDP) are indicators that measure economic activity, where IBC-Br reflects the GDP slope, but not necessarily a forecast, since they present very significant differences in relation to their calculation methodologies. The differences between the two indicators are reflected in the final results.
IBC-Br reflects the behavior of the economic activity, guiding the policy of inflation control by the Monetary Policy Committee (COPOM). GDP is calculated by the Brazilian Institute of Geography and Statistics (IBGE) from the sum of the goods and services produced in Brazil. The higher the IBC-Br index, the better the economy of Brazil is, increasing the value of the Brazilian real.
The chart of the entire available history of the "Central Bank of Brazil IBC-Br Economic Activity" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
Economic calendar widget for your website
Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.
The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.
Use official plugin for WordPress websites