Brazil: Economic activity in June expands at fastest pace since December 2014
August 17, 2016
In June, economic activity expanded 0.2% over 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 May’s 0.4% contraction. The result was in line with market analysts’ expectations.
On an annual basis, economic activity fell 3.1%, which was an improvement compared to May’s 4.9% fall. Meanwhile, the trend continued to point down and the annual average variation in economic activity worsened from minus 5.5% in May to minus 5.6%, a multi-year low.