Brasília – After declining for the first four months of the year, the Brazilian economy saw growth in May. The season-adjusted Central Bank of Brazil’s Economic Activity Index (IBC-Br) rose 0.54% in May from April this year, the Central Bank (BC) reported this Monday (15).
Year-on-year, the increase reached 4.40% (not season-adjusted, since the comparison is between equal months). In May last year, the economic activity was adversely affected by the truckers’ strike. The 12 months through May saw a 1.31% growth. Year-to-date, there was a 0.94% increase.
The IBC-Br is an approximation intended to anticipate economic behavior. However, the official indicator is the GDP result from the Brazilian Institute of Geography and Statistics (IBGE).
Translated by Guilherme Miranda