Brazil’s IBC-Br economic activity index fell 0.6% in June 2026 from May, reversing a 0.1% gain in the prior month and slightly below forecasts for a 0.5% drop. The decline was driven by a 1.4% contraction in the industrial sector following a 0.4% increase in May. Services activity also fell 0.5% after rising 0.1% in the previous month. The taxes index declined 1% following a 0.1% increase. Meanwhile, the agriculture and livestock sector rebounded 1% after falling 1% in May. Excluding agriculture and livestock, the IBC-Br fell 0.9% in June. On an annual basis, economic activity expanded 2.4%.