Conference Board LEI for TCB/FGV Brazil Down in July
August 18, 2015 | PRNewswireEstimated reading time: 1 minute
The Conference Board Leading Economic Index for Brazil, together with Fundacao Getulio Vargas (TCB/FGV Brazil LEI), fell 0.8 percent in July. The index now stands at 88.7 (2010 = 100), following a 0.6 percent decline in June and a 0.1 percent decline in May. The services sector survey: expectations index, the exports volume index, the consumers survey: expectations index, and stock prices all contributed negatively to the index in July.
"The downward trend in the Leading Economic Index for Brazil that started in early 2013 continued through July, suggesting Brazil's economy is unlikely to turn around in the near future," said Paulo Picchetti, Economist at FGV/IBRE. "Moreover, the persistent and widespread weaknesses among the Coincident Economic Index components confirm that Brazil remains in a recession."
The Conference Board Coincident Economic Index® for Brazil, together with Fundacao Getulio Vargas (TCB/FGV Brazil CEI), which measures current economic activity, increased 0.4 percent to 103.2 (2010 = 100) in July, following a 0.1 percent decline in June and a 0.3 percent decline in May. All six components contributed positively to the index in July.
TCB/FGV Brazil LEI aggregates eight economic indicators that measure economic activity in Brazil. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.
About The Conference Board Leading Economic Index® for Brazil, together with Fundacao Getulio Vargas
TCB/FGV Brazil LEI was launched in July 2013. Plotted back to 1996, this index has successfully signaled turning points in the economic cycles of Brazil. The Conference Board also produces LEIs for Australia, China, the Euro Area, France, Germany, Japan, India, Korea, Mexico, Spain, the United Kingdom, and the United States.
Suggested Items
Plasmatreat at IPC APEX EXPO 2024
04/02/2024 | PlasmatreatFor the pretreatment of highly sensitive electronic components, Plasmatreat will present a real innovation at the IPC APEX Expo in Anaheim 2024: The new REDOX tool safely and effectively reduces oxide layers on electronic components in an inline process.
Würth Elektronik Presents LEDs with Integrated Controllers
03/27/2024 | Würth ElektronikWürth Elektronik now offers WL-ICLED, a new series of RGB LEDs with integrated controller (IC). The components, controllable as pixels, combine a red, green and blue LED with a programmable contoller IC.
ROCKA Solutions to Showcase Comprehensive Manufacturing Solutions at the Del Mar Show
03/25/2024 | ROCKA SolutionsROCKA Solutions is excited to announce its participation in the upcoming Del Mar Electronics & Manufacturing Show, scheduled to take place on April 24-25, 2024 at the Del Mar Fairgrounds in San Diego, CA. ROCKA Solutions will be exhibiting in Booth 650, where attendees can learn more about the company's commitment to enhancing supply chains and supporting various manufacturing sectors.
US Satellite D2D Market Expected to Hit $6.5B by 2027, Taiwanese PCB and Antenna Manufacturers Set to Enter Supply Chain
03/14/2024 | TrendForceTrendForce’s projections foresee that the US satellite direct-to-device (D2D) market is expected to undergo significant growth, expanding from $430 million in 2023 to $6.5 billion by 2027 at a CAGR of 36%.
AAT's Patented Rotational Spraying Method Ensures Superior Cleaning Performance
03/07/2024 | Austin American Technology (AAT)Austin American Technology (AAT) is pleased to announce that its patented rotational spraying method ensures superior cleaning performance, delivering consistent results for critical electronic components.