Economy expectations up 2.5%
17 de junho de 2016
An indicator computed by Brazils Fundação Getulio Vargas increased in May for the third straight month.
Rio de Janeiro – Indicador Antecedente Composto da Economia (IACE), a compound economic indicator computed by the Brazilian Institute of Economics at think tank Fundação Getúlio Vargas (Ibre/FGV) and by the United States’ The Conference Board (TCB) and released this Friday (17), climbed 2.5% in May from April. Comprising eight separate indicators that gauge expectations over economic activity in Brazil, the index increased for the third month straight and “points to a bottoming-out of the downward trend in activity levels” in Brazil, said the economist Paulo Picchetti.
The FGV researcher added that “political conditions remain key in assessing whether the IACE’s recent trend indeed hints a reversal of the economic cycle over the medium term.” The IACE was up 0.9% in April and 1% in March. The indicator currently stands at 93.9 points.
*Translated by Gabriel Pomerancblum