Brazil IBC-BR Economic Activity
The Central Bank's Monetary Policy Committee evaluates whether to adjust the basic interest rate based on the Economic Activity Index (IBC-Br), which is sometimes viewed as a forerunner to GDP figures. The index, which has a base value of 100 as of 2002, measures the performance of the economy's three primary sectors: agriculture, industry, and services.
A higher than expected figure should be seen as positive (bullish) for the BRL while a lower than expected figure should be seen as negative (bearish) for the BRL.
News (BRL)
Brazil Manufacturing Downturn Eases In January
Brazil's factory activity continued to deteriorate at the start of the year, though the pace of decline softened since December amid slower reductions in output and new orders, survey data from S&P Global showed on Wednesday. Elsewhere, official data showed that producer price inflation slowed further in December.
RTTNews | 461 days ago
