Economic result rises in July, Central Bank says

Economic result rises in July, Central Bank says

Activity in May had been hampered by truck stoppage throughout Brazil

Index was released on Monday morning (17)Marcello Casal jr / Brazil Agency - 08.06.2016The forecast of Brazilian activity increased 0.57% in July compared to June, in the seasonally adjusted series.The increase comes after an advance of 3.42% in June (already revised data), in recovery movement after the truckers strike.The IBC-Br (Central Bank Economic Activity Index) data were released on Monday (17) by the Central Bank.The BCB's activity index increased from 138.17 points to 138.96 points in the seasonally adjusted series from June to July.This is the highest level for the IBC-Br since October 2015 (139.05 points).Activity in May had been hindered by the truck stoppage throughout Brazil in the last weeks of the month.In June, the movement slowed and activity resumed acceleration.Now, in July, once again, the indicator has risen, albeit at a slower pace than the previous month.The increase in the IBC-Br was above the range projected by the financial market analysts consu...


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