IBR-Br: performance of the Brazilian economy in August 2019 is below expectations

The Brazilian Central Bank Economic Activity Index (IBC-Br), released today, was below expectations. According to this index, a kind of signal of how is going to be the performance of Brazil's Gross Domestic Product (GDP), the country's economic activity is practically stagnant in 2019.

The IBC-Br rose 0.07% in August compared to the previous month, according to seasonally adjusted data by BC.

At this rate, the Brazilian economy grows at a rate of 0.8% per year. Brazilian financial market analysts' expectations were for growth of 0.2%, so performance was well below expectations.

IBC-BR falls 0.28% in March 2019 versus February 2019

After retreating 0.98% in February, the Brazilian economy had a new low in March this year. The Central Bank's Economic Activity Index (IBC-Br) retreated 0.28% in March from February, in the seasonally adjusted series, the Brazilian Central Bank said today.

Companies with shares in the Bovespa also presented small results. Guararapes, a clothing retailer, did not perform well in the first quarter of 2019. Only companies such as Copel and Tupy had good results in the first quarter of 2019.