Brasília – The international market should become more favorable to the growth of Brazilian economy, according to the forecast of the Brazilian Central Bank (BC) released this Thursday (8th) on the Regional Bulletin. According to the report, foreign trade is benefiting from the scenario of higher global growth and the rising dollar. According to the report, “consumption tends to remain sustained by growing income and credit operations, while investments should be stimulated by the program of concession of public utility services and the permission for oil exploitation”.
According to the Regional Bulletin, the Central Bank’s Economic Activity Index – Brazil (IBC-Br) dropped by 0.6% in the December-February period over September-November when it had grown 0.3%, considering the non-seasonally adjusted figures (adjusted for the period). The document also shows that the indicator reflected the moderate increase in activity in the South and Midwest and a decline in the Southeast, which is the most representative region in the national index. “One must highlight the pickup in activity in the North and Northeast early this year, basically driven by industrial performance”, the BC added.
*Translated by Rodrigo Mendonça
