LatinNews Daily - 16 January 2023

In brief: Brazil’s monthly economic activity drops

* Brazil’s central bank (BCB) has released the latest economic activity index (IBC-Br), showing that economic activity fell by 0.55% in November compared to the previous month. The index, which was created to anticipate Brazil's official GDP figures which are calculated by the national statistics institute (Ibge), showed that activity has been decreasing every month since July. However, in year-on-year terms, economic activity was up 1.65% on November 2021. Between January and November 2022, the index was up 3.26% compared with the same period of the previous year.

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