Brasília – Economic activity was down 0.33% in July from June in Brazil, according to the Brazilian Central Bank’s Economic Activity Index (IBC-Br) non-seasonalized (adjusted for the period), issued this Friday (13th).
The decline followed a 1.03% increase in June, according to revised Central Bank figures. In May from April, the IBC-Br was down 1.48%. May-on-May, the index was up 3.38% (non-seasonalized). Year-to-date, the IBC-Br was up 2.97%, and in the 12-month period ended July, it was up 2.11%.
The IBC-Br tracks the evolution of Brazilian economic activity. The index comprises information on activity levels across three economic sectors: industry, trade and services, and agriculture and animal husbandry.
*Translated by Gabriel Pomerancblum
