Economic activity grows 0.57% in July, says Central Bank

Economic activity grows 0.57% in July, says Central Bank

It was the second consecutive month of growth The post Economic activity grows 0.57% in July, says Central Bank first appeared in Jornal Option.

It was the second month in a row of growthEconomic activity recorded the second consecutive month of growth.The seasonally adjusted (adjusted for the period) Central Bank Economic Activity Index (IBC-Br) grew 0.57% in July, compared to June this year, according to data released on Monday (17/9) by the Central Bank (BC).This was the second consecutive month of growth, according to data reviewed by BC.Compared to July 2017, growth reached 2.56% (without adjustment for the period).In the 12 months ending July, the indicator has retracted 1.46%.In the year, there was growth of 1.19%.The IBC-Br is a way of assessing the evolution of Brazilian economic activity and helps the Central Bank make its decisions on the Selic.The index incorporates information on the level of activity of the three sectors of the economy: industry, trade and services and agriculture, as well as the volume of taxes.The indicator was created by the BC to try to anticipate, by approximation, t...


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