Economic activity slowed again in May

14 de julho de 2016

Brasília – The Brazilian Central Bank’s Economic Activity Index (IBC-Br) dropped 0.51% in May from April, the bank reported today. April had seen a break in a 15-month drop, with 0.07% growth over March.

Year-on-year in May, the IBC-Br slid 1.86%. In the 12 months ended May, activity slowed by 5.43% from a year ago, and year-to-date through May, it fell 5.79%.

The IBC-Br tracks economic activity in Brazil, but the official measuring of the Gross Domestic Product (GDP) is made by the Brazilian Institute of Geography and Statistics (IBGE).

*Translated by Gabriel Pomerancblum