---
source: Central Bank of Brazil (Banco Central do Brasil)
url: https://www.bcb.gov.br/content/indeco/indicadoresselecionados/ies-20260415.xlsx
document_type: excel
date_retrieved: 2026-04-16
period: February 2026
parent_publication: Indicadores Econômicos Selecionados (Selected Economic Indicators)
indicators_covered: [IBC-Br - Economic Activity Index (seasonally adjusted month-over-month change)]
---

# IBC-Br Economic Activity Index — February 2026 Release

**Source:** Banco Central do Brasil (BCB)  
**Release:** Indicadores Econômicos Selecionados de 15/04/2026  
**Reference period:** February 2026  
**Release date:** 16 April 2026 (05:00 UTC / 02:00 BRT)  

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## Indicator Summary

The Central Bank of Brazil's *Índice de Atividade Econômica* (IBC-Br) increased **0.6% month-over-month** in February 2026 (seasonally adjusted), down from a 0.8% rise in January. This matches the Bloomberg consensus forecast of 0.5% and confirms modest but continued expansion.

**Table 1 – IBC-Br Index Values (2022 = 100)**

| Period | IBC-Br (nsa) | IBC-Br (sa) |
|--------|--------------|-------------|
| January 2026 | 103.97 | 110.23 |
| February 2026 | 106.65 | 110.89 |

*MoM % change (sa):* **+0.60%**  
*Previous month (Jan 2026) MoM:* +0.8%

The seasonally adjusted series shows the IBC-Br at 110.89 in February, up from 110.23 in January. The not seasonally adjusted index stands at 106.65 versus 103.97 previously.

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## Background

The IBC-Br is a monthly index published by the Central Bank of Brazil that aggregates economic activity across agriculture, industry, services, and taxes. It is widely regarded as a leading indicator for Brazil's official quarterly GDP figures and is closely monitored by the Monetary Policy Committee (Copom) in setting the Selic rate.

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## Release Format

The BCB publishes the IBC-Br as part of its *Indicadores Econômicos Selecionados* (Selected Economic Indicators) Excel workbook, which contains 15 tables covering activity, regional breakdowns, commodity prices, monetary aggregates, and foreign exchange operations. The February 2026 release appears in Table 1 of the workbook dated 15 April 2026.