Global Leading Indicators

For Release 10:00 AM ET, September 15, 2026

Using the Composite Indexes: The Leading Economic Index (LEI) provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index (CEI) provides an indication of the current state of the economy. Additional details are below.

The Conference Board Leading Economic Index® (LEI) for Brazil, together with Fundação Getulio Vargas, decreased by 0.5% in August 2026 to 125.1 (2016=100), following a 0.6% decline in July. As a result, over the six-month period between February and August 2026, the LEI contracted by 1.3%, a sharp reversal of the 5.1% increase registered over the previous six-month period.

The Conference Board Coincident Economic Index® (CEI) for Brazil, together with Fundação Getulio Vargas, improved by 0.7% to 117.9 (2016=100) in August 2026, following an increase of 0.9% in July. The CEI also grew by 0.9% over the six-month period between February and August 2026, half of the growth compared to 1.8% expansion from August 2025 to February 2026.

The next release is scheduled for Thursday, October 15, 2026 at 10 A.M. ET.

The Conference Board/Fundação Getulio Vargas Brazil LEI declined again in August following a similar decrease in July, extending the downward trend

*CODACE has determined that the recession beginning in September 2020 ended in the second quarter of 2020. We will update our business cycle chronology when the monthly trough date is available.

The decline was driven primarily by weakness in non-financial components such as consumer and manufacturing expectations, as well as a decline in the terms of trade index

The annual growth rate for the Brazil LEI improved slightly in August and despite the recent monthly declines, is still indicating economic growth ahead

*CODACE has determined that the recession beginning in September 2020 ended in the second quarter of 2020. We will update our business cycle chronology when the monthly trough date is available.

About The Conference Board Leading Economic Index® (LEI) and Coincident Economic Index® (CEI) for Brazil

The composite economic indexes are key elements in an analytic system designed to signal peaks and troughs in the business cycle. Comprised of multiple independent indicators, the indexes are constructed to summarize and reveal common turning points in the economy in a clearer and more convincing manner than any individual component.

 The CEI reflects current economic conditions and is highly correlated with real GDP. The LEI is a predictive tool that anticipates—or “leads”—turning points in the business cycle by around six months.

 The eight components of the Leading Economic Index® for Brazil are:

• Swap Rate - 1 year
• Ibovespa, Bovespa Index
• Manufacturing Survey, Expectations Index
• Services Sector Survey, Expectations Index
• Consumers Survey, Expectations Index
• Terms of Trade, Index
• Physical Production, Durables Consumer Goods, Index
• Exports, Quantum, Index

The six components of the Coincident Economic Index® for Brazil are:

• Industrial production
• Industrial Electric Energy Consumption
• Shipments of Corrugated Paper
• Volume of Sales of the Retail Market
• Occupied Employment Population
• Average Real Income of Workers

To access data, please visit: https://esf.conferenceboard.esgauge.org/data-central

About The Conference Board

The Conference Board is the Member-driven think tank that delivers Trusted Insights for What's Ahead^®®. Founded in 1916, we are a non-partisan, not-for-profit organization holding 501 (c) (3) tax-exempt status in the United States. TCB.org  l  Learn about Membership

ABOUT FGV IBRE

Created in 1944, FGV is a Brazilian private higher education institution, think tank and producer of statistics, with a mission "to foster Brazil’s socioeconomic development." The Brazilian Institute of Economics (IBRE) is FGV´s arm with the mission to produce and disseminate high-quality economic statistics and studies that are relevant to improve policies and private action in Brazil. www.fgv.br/ibre