São Paulo – The Brazilian Central Bank’s Economic Activity Index (IBC-Br) released this Wednesday (18th) by the monetary authority reveals that the Brazilian economy continued its retraction in September. This calculation is considered a “preliminary estimate” of the Brazilian Gross Domestic Product (GDP).
According to data from the Brazilian Central Bank, the IBC-Br declined 0.5% in September over August and 5.85% over the same month of last year. Still according to the BC, the IBC-Br declined 3.37% year-to-date up to September and 2.73% year-to-year. The comparison is already adjusted for seasonal differences between July and August.
*Translated by Sérgio Kakitani
