Preview of the result of the Brazilian economy falls 3.34% in May

Preview of the result of the Brazilian economy falls 3.34% in May

Central Bank's GDP index is a parameter for assessing the pace of the Brazilian economy

Brazilian GDP forecast fell in MayGetty ImagesAfter rising 0.50% in April, the Brazilian economy registered a strong retraction in May 2018, due to the truckers strike.The IBC-Br (Economic Activity Index), calculated by the BC (Central Bank), fell 3.34% in May compared to April, in the seasonally adjusted series, according to information released on Monday (16).The activity index calculated by the Central Bank increased from 138.01 points to 133.40 points in the seasonally adjusted series from April to May.This is the lowest level for the IBC-Br with adjustment since December 2016 (132.87 points).Activity in May was severely hampered by the truck stoppage throughout Brazil in the last weeks of the month.The IBC-Br fall was within the range projected by financial market analysts, who expected results between -5.70% and -2.10% (median at -3.40%).In the comparison between May 2018 and May 2017, there was a decrease of 2.90% in the series without seasonal adjustme...


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