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