Brasília – The Brazilian Central Bank’s Economic Activity Index (IBC-Br, seasonally adjusted) was down 0.18% in May from April. This was the second month-on-month decline this year. According to the revised figures, the decline in February was 0.09%.
May-on-May, activity was down 0.17%, based on unadjusted figures, since equal periods are being compared. Economic activity was up 1.93% in the 12-month period ended May and 0.58% year-to-date.
The IBC-Br is a means for assessing Brazilian economic activity. The index provides information on activity levels in the three sectors of the economy: industry, retail and services, and agriculture.
*Translated by Gabriel Pomerancblum
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