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Brazil’s IBC-Br economic activity index rose 0.6% month-on-month in February 2026, following a 0.8% increase in January and coming broadly in line with market expectations of 0.5%. Growth was driven primarily by the industrial sector, which expanded 1.2% after a 0.4% rise in January, followed by the taxes index, which advanced 0.8% after a 0.5% gain. Agriculture and livestock edged up 0.2%, recovering from a 1.5% contraction in January, while the services sector grew 0.3% after a 0.8% increase in the previous month. On a year-on-year basis, however, the IBC-Br fell 1.3% in February.
