FX.co ★ Brazil Economic Activity Surprises on the Upside

In April 2025, the IBC-Br Index of Economic Activity, a primary indicator for Brazil's GDP, experienced a 0.2% growth from the previous month. This followed a more robust increase of 0.8% in March, surpassing market predictions which anticipated a 0.1% rise. The growth was primarily driven by the tax sector, which expanded by 0.6%. The services sector also contributed with a 0.2% increase, while agriculture, excluding farming, grew by 0.1%. Conversely, the industrial sector saw a decline of 1.1% and the wider agricultural sector fell by 0.9%. Looking at year-over-year data, the IBC-Br index grew by 3.5%, achieving a cumulative gain of 4.0% over a 12-month period.