Economy grows 0.57% in July and has 2nd month in a row, BC index points

Economy grows 0.57% in July and has 2nd month in a row, BC index points

BRASILIA (Reuters) - The Brazilian economy grew in July for the second month in a row, but still within a framework of slow economic recovery, with the confidence of the agents ...

BRASILIA (Reuters) - The Brazilian economy grew in July for the second month in a row, but still amid a slow economic recovery, with confidence increasingly affected by electoral uncertainty.The Central Bank Economic Activity Index (IBC-Br), a kind of Gross Domestic Product (GDP) indicator released on Monday, advanced 0.57 percent in July compared to June, according to seasonally adjusted data.In June, growth was 3.42 percent, the BC revised, after posting a reading of 3.29 percent for the month.The strong performance reversed all losses suffered in May due to the truckers strike.Compared to July 2017, the IBC-Br rose 2.56 percent and accumulated in 12 months was up 1.46 percent, according to the BC, in both cases in observed data.July was marked by mixed indicators, reflecting the inconstancy of the resumption of activity, increasingly pressured by political and economic fears over the outcome of the elections.On the one hand, the services sector shrank 2.2 percent in Jul...


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