Brazil’s Economy On the Rise in May After Four Consecutive Monthly Drops

The Central Bank reported a 0.54 percent hike in the IBC-Br, an economic activity indicator regarded as a precursor of the country's GDP.

RIO DE JANEIRO, BRAZIL - The Central Bank (BC) released on Monday, July 15th, the Index of Economic Activity (IBC-Br), regarded as a preview of the country's Gross Domestic Product (GDP).

In May, after four consecutive declines, the indicator registered a timid 0.54 percent increase compared to April.

According to the monetary authority, the first positive result of the year was calculated using seasonal adjustments.

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