Brazil IBC-Br Economic Activity Index
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The indicator shows the change in economic activity relative to the month of previous year (YoY), seasonally adjusted. It is a leading indicator because takes into account the monthly dynamics of agriculture, industry and services. Unlike GDP, which is published only 4 times a year, with a large lag. However, it should not be confused with GDP. IBC-Br shows the trend of economic activity, not the actual value of the change in GDP for each month. Used by the Central Bank of Brazil in its monetary policy.
Index value can be retrieved via Cbonds add-in for Excel using the formula CbondsIndexValue(42631, date)
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