Economic activity remains stable

16 de junho de 2016

After 15 consecutive months of decline, April registered a slight growth of 0.03% over March in Brazil, according to an index from the Brazilian Central Bank.

Brasília – After declining for 15 consecutive months, economic activity remained practically stable in April. The seasonally adjusted Index of Economic Activity (IBC-Br) computed by the Brazilian Central Bank (BC) registered a 0.03% growth in April in comparison to March, according to data released this Thursday (16). In the comparison between this year’s April and the same month of last year, there was a decline of 4.99% according to non-adjusted data.

Year-to-year ending in April, economic activity registered a decline of 5.41%. Year-to-date, it tumbled 5.97%.

The IBC-Br measures the evolution of the Brazilian economic activity and helps BC to make decisions on the Selic, the benchmark interest rate. The index takes into account data on the level of activity in three sectors of the economy (industry, commerce and services and agriculture) plus taxes. The official index on the performance of the economy is the Gross Domestic Product (GDP), measured by the Brazilian Institute of Geography and Statistics (IBGE).

*Translated by Sérgio Kakitani