Rio de Janeiro – The Conference Board Leading Economic Index dropped 0.6% in June, reaching 126.5 points, reflecting deceleration of the country’s economy. Disclosed for the first time, the global index is calculated by Getulio Vargas Foundation and by The Conference Board, an organisation that promotes research and seminars on business to supply public interest.
According to an FGV bulletin, the result shows "the difficulty the Brazilian economy is presenting for sustained growth within a context of uncertainty regarding domestic and international economic performance".
The Conference Board Coincident Economic Index, in turn, also disclosed by the two institutions for the first time, grew 0.2% in June, reaching 128.7 points, after a reduction of 0.5% in May and growth of 0.8% in April. This index measures the current economic conditions, following according to preliminary estimates.
For the calculation, to be disclosed monthly, starting now, figures provided by the Central Bank, the Stock Exchange and the Brazilian Institute for Geography and Statistics (IBGE) will be analysed, as well as other indices calculated by FGV.
*Translated by Mark Ament
