Brazil’s IBC-Br economic activity index rose by 0.7% month-over-month in November 2025, bouncing back from a revised 0.1% fall in October and beating market forecasts of a 0.3% growth. This marked the strongest advance since March 2025, driven by industry (0.8% vs -0.9% in October) and services (0.6% vs 0.1%). On the other hand, output decreased for agriculture and livestock (-0.3% vs 1.6%). On a non-seasonally adjusted basis, the IBC-Br rose by 1.2% over November 2024.