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14/07/2017 - 13:54hs

Economic activity down 0.5% in May

The Brazilian Central Bank’s Economic Activity Index declined month-on-month, but climbed by 1.4% year-on-year.

Brasília – The Economic Activity Index of the Brazilian Central Bank was down 0.51% in May from April, as per seasonally adjusted figures, the monetary authority reported this Friday (14).

Year-on-year in May, the non-adjusted index (since the comparison is between equal periods) was up 1.4%. In the 12 months through May, activity slid by 2.23%. Year-to-date through May, economic activity in Brazil declined by 0.05%.

*Translated by Gabriel Pomerancblum

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