Brasília – Investments dropped for the third consecutive month according to a new indicator, launched this Friday (4) in Brasília by the Institute for Applied Economic Research (Ipea). The Ipea Gross Fixed Capital Formation Indicator (FBCF) – which is an investments indicator – shows a 2.2% contraction in September over August 2016 in the seasonally adjusted series.
This is the third consecutive monthly drop of the investments indicator. In the comparison with the same month of the previous year, the FBCF dropped 10.6%, in the non-seasonally adjusted data. “The fall in investments in the third quarter reinforces the expectations of a slow recovery of the Brazilian economy,” said the planning and research technician at Ipea, Leonardo Mello de Carvalho in a statement.
*Translated by Sérgio Kakitani
