April saw economic activity weaken in Brazil

A Brazilian Central Bank index was down 0.47% in April from March, in the fourth straight month-on-month drop.

Agência Brasil

Brasília – Economic activity weakened in Brazil last April. The season-adjusted Brazilian Central Bank’s Economic Activity Index (IBC-Br) eased by 0.47% month-on-month, the monetary authority reported this Friday (14).

April was the fourth straight month on a downward curve as per revised Central Bank data. Activity was down 0.22% in January, 1.04% in February and 0.30% in March. Q1 activity slid by 0.68%.

Year-on-year in April, Brazil’s economy slowed by 0.62%. The 12 months through April saw 0.72% growth.

The IBC-Br is an approximation intended to anticipate economic behavior. However, the official indicator is the GDP result from the Brazilian Institute of Geography and Statistics (IBGE).

Translated by Gabriel Pomerancblum

Press Release

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