FX.co ★ Brazil’s IBC-Br Activity Gauge Slows in February, Hinting at Softer Growth Momentum

Brazil’s IBC-Br economic activity index, a key proxy for quarterly GDP performance, cooled in February 2026, signaling a moderation in the country’s growth pace. The indicator eased to 0.60% in February, down from 0.80% recorded in January 2026.

The latest figure, updated on 16 April 2026, suggests that while Brazil’s economy continues to expand, the momentum has softened compared with the start of the year. For investors and policymakers, the deceleration may feed into ongoing discussions about the balance between sustaining growth and managing inflation and interest rate expectations in the months ahead.