Brazil Business Activity in November Grew for 7th Month, but Points to Slower Pace

The market estimate is that Brazil's GDP closed 2020 down 4.37%, according to the Focus Bulletin.

RIO DE JANEIRO, BRAZIL - The IBC-Br index posted its seventh consecutive monthly rise, according to data released on Monday, January 18th, and rose 0.59% in November. Despite the growth, the rate shows a slowdown compared to preceding months: in October, growth stood at 0.86%, and at 1.29% in September. In June, the strongest month, the increase reached 4.89%.

Known as the Gross Domestic Product (GDP) preview, the IBC-Br assesses economic progress with data on activity levels in the industrial, trade, services and agriculture sectors, in addition to the volume of taxes.

The increase in . . .

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