Central Bank economic activity indicator accumulates second consecutive month of decline
AI-generated summary
The IBC-Br is a monthly indicator from the Central Bank that anticipates trends in Brazilian GDP. It aggregates data from different sectors of the national economy.
The Central Bank Economic Activity Index (IBC-Br), an indicator used to monitor the evolution of the Brazilian economy, fell 0.2% in July 2026 compared to June, reported the Central Bank of Brazil. In comparison with July 2025, the indicator showed growth of 1.1%.
The drop observed in July (compared to June 2026) was the second consecutive negative result, after the 0.6% decrease recorded in the previous month. The result was calculated based on the seasonally adjusted series – in order to eliminate effects typical of certain times of the year.
According to the BC, the performance was mainly influenced by agriculture, which fell 1.2% in the month. Industry fell 0.4%, while the services sector remained stable, without variation.
Taxes on products fell by 0.2%. Excluding agriculture, the IBC-Br registered a drop of 0.1%.
According to the data released, the results for July (compared to June) were as follows:
IBC-Br -0.2% Agriculture -1.2% Industry -0.4% Services 0.0% Taxes -0.2% IBC-Br ex-agriculture -0.1%
Annual comparison
In the annual comparison, with July 2025, the indicator showed an increase of 1.1%. In this type of comparison, the result shows that economic activity was above the level recorded in the same month last year.
Among the sectors, agriculture grew 3.7% in one year. Services increased by 1.3%, industry grew by 0.5% and taxes increased by 0.7%. Without agriculture, the IBC-Br registered an increase of 1%.
IBC-Br 1.1% Agriculture 3.7% Industry 0.5% Services 1.3% Taxes 0.7% IBC-Br ex-agriculture 1%
In the first seven months of the year, the indicator registered growth of 1.5%. In 12 months, the expansion is also 1.5%.
The index
Considered a kind of economic thermometer, the IBC-Br brings together information from the industry, commerce, services and agricultural sectors.
Although it has a different methodology from that used by the Brazilian Institute of Geography and Statistics (IBGE) to calculate the Gross Domestic Product (GDP), the indicator is followed by analysts and investors as a sign of the trajectory of Brazilian economic activity.

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