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  HOME | Brazil (Click here for more)

Brazilís Economic Activity Declines 0.38% in August

RIO DE JANEIRO Ė Brazilís economic activity contracted by 0.38 percent in August, compared to the previous month, the Central Bank said on Wednesday.

August was the third month in which economic activity fell in the South American country this year.

The figures come from the Central Bankís Index of Economic Activity (IBC-Br), which is used as a preview of the gross domestic product (GDP) number released quarterly.

Economic activity, however, rose 1.64 percent in August, compared to the same month in 2016, the Central Bank said.

The South American nationís economic activity, as gauged by the IBC-Br, rose 0.31 percent in the first eight months of 2017.

Brazilís economy is experiencing a slight recovery after contracting 3.8 percent in 2015, the worst performance in 25 years, and 3.6 percent last year, marking the first time since 1931 that GDP fell for two consecutive years.

 

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