Rio de Janeiro – The gross fixed capital formation from the Institute for Applied Economic Research (Ipea) was up 28.2% in May from April 2020, the Rio de Janeiro-based institute reported this Tuesday (7). According to Ipea, the result shows an improvement in investment compared with the two preceding months, which had seen numbers go down as a result of the crisis triggered by the Covid-19 pandemic.
Gross fixed capital formation (GFCF) concerns investment in production by resident enterprises. Investment in machinery and equipment was up 68.7% in May from April. Domestic production of machinery and equipment was up 145.6%. Civil construction was up 14.1%.
Translated by Gabriel Pomerancblum
