Leading indicator of the Brazilian economy grows 1.2% in September

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The Compound Background Indicator of the Brazilian Economy (Iace), of the Getulio Vargas Foundation (FGV), increased by 1.2% in September this year. As a result, the indicator reached 121.9 points, 1.9 points above February, that is, the pre-pandemic period in Brazil.

The indicator, which accumulates a 8.6% increase in six months, seeks to anticipate trends in the country’s economy based on eight components: swaps Pre-fixed DI – 360 days (from the Central Bank), Ibovespa, Index of physical production of durable consumer goods (from IBGE), terms of trade and export quantum indexes (both from Funcex), in addition to the expectations indexes industry, services and consumers (from FGV).

The Brazilian Economic Composite Coincident Indicator (ICCE), which measures current economic conditions, was stable at 103.9 points in the same period. In six months, the indicator accumulates an increase of 1.8%.

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