Back

LatinNews Daily - 16 October 2020

In brief: Brazil’s economic activity continues to pick up in August

* Brazil’s central bank (BCB) has released the August figures for its index of economic activity (IBC-Br), used as a proxy of GDP growth, which show that economic activity grew 1.06% in August compared with July. This is the fourth consecutive positive monthly result after sharp contractions in March and April as a result of the coronavirus (Covid-19) pandemic. Economic activity has accumulated 5.94% growth in the June-August rolling quarter, but year-on-year, the IBC-Br contracted 3.92% in August. In the nine months to August, the IBC-Br has suffered a -5.94% variation.

End of preview - This article contains approximately 94 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.