GDP preview rises 0.56% in April and adds up to 3.43% in a year

The Central Bank Economic Activity Index (IBC-Br), considered the “preview” of the Gross Domestic Product (GDP), increased by 0.56% in April compared to the previous month, according to seasonally adjusted data released by the Bank Central, this Friday (16).

According to the BC, the indicator came in above market expectations, which expected a neutral or negative performance in view of the drop in the services sector. The high recovers the result of March, in which there was a decrease of 0.15%.

Compared to April 2022, the IBC-Br grew by 3.31%. In the quarter ended in April, the indicator rose 3.47% compared to the previous quarter. Compared to the same quarter of 2022, there was an increase of 4.06%. With the data released today, the index accumulates an increase of 3.88% in the year and 3.43% in 12 months.

The IBC-Br helps evaluate the evolution of the country’s economic activity and serves as a parameter for the BC to make decisions about the basic interest rate, the Selic, currently set at 13.75% per year. The index incorporates information on the activity level of sectors of the economy (industry, commerce and services and agriculture), in addition to the volume of taxes.