Economic activity falls to 0.29% in February

The IBC-Br (index of economic activity of the Central Bank), species of flag of GDP (gross domestic product) fell 0.29% in February compared with January in seasonally adjusted data. This Friday (22/4), which corroborates the scenario of recession. The index had monthly negative performances since January 2015.
The indicator fell 0.68 percent in the first month of the year, revised data by the Central Bank, compared to 0.61 percent fall disclosed earlier. However, the February performance was better than the indentation of 0.56% estimated by analysts in a survey by Reuters.
According to the Central Bank (Central Bank), the IBC-Br fell 6.52 percent over February 2015 and accumulated fall of 4.75% in 12 months, seasonally adjusted numbers.
The IBC-Br incorporates projections for production in the service sector, industry and agriculture, as well as the impact of taxes on products.
GDP
Economists come successively revising down their GDP projections this year. In the latest research Focus, held by the CENTRAL BANK with more than a hundred economists, the estimate was 3.8% drop, with expansion of only 0.20% in 2017.