Brazilian economic activity dropped 0.99% in January, in a seasonally adjusted comparison with the previous month, according to the Central Bank’s IBC-Br indicator, released this Thursday (17th).
From December 2021 to January, the activity index calculated by the BC went from 139.86 points to 138.48 points in the series free of seasonal influences.
In comparison with January 2021, according to BC data, the IBC-Br registered stability, with a rise of 0.01%, in the calculation without seasonal adjustment. In the 12-month period, economic activity grew 4.73%.
The indicator was released amid the slowdown in the economy, impacted by the rise in inflation and the basic interest rate (Selic), which reached 11.75% per year in a Copom decision this Wednesday (17th).
The IBC-Br had closed 2021 with a positive monthly result, rising 0.44% in December (revised data from 0.33%). The January decline was the first since September last year, according to updated information from the monetary authority.
Data may differ from previously reported because the series undergoes frequent revisions. Adjustments are usually residual.
The IBC-Br measures the pace of the country’s economic activity over the months and takes into account the performance of the main sectors of the economy: industry, agriculture and services.
Published since March 2010, the indicator was created to assist in monetary policy decisions, considering that there is no other monthly data on the performance of the productive sector.
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