LatinNews Daily - 18 March 2025

*Brazil’s central bank (BCB) has released the latest figures for its IBC-Br economic activity index, used as a proxy to anticipate GDP figures, which showed a 0.9% monthly rise in activity in January. Compared to January 2024, economic activity was up 3.6%, and the accumulated activity in the 12 months until January 2025 was up 3.8% from the previous 12-month period. This latest result for the IBC-Br comes amid other recently released economic indicators which suggested stagnation in monthly terms across different sectors in January this year but increases in yearly terms. On 14 March the national statistics institute (Ibge) reported that retail sales in Brazil saw a monthly decrease of 0.1% in January and a 3.1% rise compared to the same month last year. The previous day, the Ibge released its figures on the services sector, which showed a 0.2% monthly drop in the volume of services provided and a 1.6% year-on-year increase. On 11 March the Ibge also released figures on industrial production, showing zero monthly variation in production from December to January and a 1.4% increase compared to January 2024.

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