Economic activity in Brazil accelerated by 0.29% in October against the previous month and by a healthy 2.92% against October of 2016, the Brazilian Central Bank said Monday. It was the second advance for the Brazilian Economic Activity Index (IBC-Br) in a row. The rise in economic activity was led by industry and investment, with consumer spending and services lagging. The index reinforces financial market ideas that Brazil is staging an increasingly robust recovery from a long recession.
Link to government news agency releaseMore Testimonials