Brasília – Economic activity remained virtually flat from April to May this year. According to the seasonally adjusted Brazilian Central Bank’s Economic Activity Index (IBC-Br), there was growth of 0.03%. The stability came after two consecutive months of contraction. Revised data shows that in April from March, activity was down 0.88%. In March from February, it was down 1.53%.
In May from May of last year, activity was down 4.75% based on non-adjusted data – since the periods are equivalent. Economic activity was down 1.72% in the 12 months ended May and down 2.78% year-to-date through May. The adjusted 12-month index was down 1.68%.The IBC-Br keeps track of economic activity in Brazil, incorporating information about activity levels in the three sectors of the economy: industry, trade and services, and agriculture.
*Translated by Gabriel Pomerancblum
