Brazil: Economic activity expands in September
November 18, 2016
In September, economic activity expanded 0.2% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central). The result contrasted August’s 1.0% fall and marked the best reading in three months. The result was in line with market analysts’ expectations.
On an annual basis, economic activity fell 3.7% in September, which was a deterioration compared to August’s 2.6% fall. Meanwhile, the trend improved and annual average variation in economic activity came in at minus 5.2%, up from August’s minus 5.5%.