Brasil Índice Principal de Atividade Econômica

The IBC-Br Index of Economic Activity in Brazil, a key proxy for GDP, rose 0.4% month-over-month in February 2025, following a 0.9% increase in January and beating market expectations of a 0.2% gain. The agriculture sector was the standout performer, surging 5.6% and accounting for the bulk of the expansion. However, excluding agriculture, overall activity declined by 0.2%. Meanwhile, the services sector edged up 0.2%, while industrial output contracted by 0.8%. Despite marking a second consecutive month of growth, the data indicates a deceleration in economic momentum compared to the previous month. On an annual basis, the IBC-Br index advanced 4.1%, while the 12-month rolling gain stood at 3.8%.