*Brazil’s central bank (BCB) has updated its IBC-Br economic activity index (used as a proxy to anticipate GDP figures), registering a 0.01% monthly increase in November and a 2.19% yearly increase. Accumulated economic activity in the 12 months until November 2023 saw a 2.31% rise from the previous 12-month period. Whilst there was only a slight monthly rise in November, this positive IBC-Br figure comes after monthly decreases were registered in August-October. Earlier this month the national statistics institute (Ibge) had reported slight monthly growth in November for some economic sectors, registering positive figures for industrial production (+0.5%) and the volume of services (+0.4%).
Back
LatinNews Daily - 22 January 2024
In brief: Brazil’s economic activity rises slightly in November
- REGION: Andean Community announces new security plan
- In brief: Ecuador announces investment in electricity infrastructure
- BRAZIL: Lula reaffirms commitment to China partnership
- In brief: Brazil’s economic activity rises slightly in November
- GUATEMALA: New Semilla-backed congress leader elected
- In brief: Nicaragua’s central bank president upbeat on growth
- MEXICO: Suspected Cártel del Golfo leader arrested
- In brief: Mexico receives US labour rights request
- ARGENTINA: Milei extends congressional sessions
- In brief: Paraguay continues to lower interest rates
- US congratulates Guatemala’s Arévalo