The Brazilian Central Bank Economic Activity Index (IBC-Br), released today, was below expectations. According to this index, a kind of signal of how is going to be the performance of Brazil's Gross Domestic Product (GDP), the country's economic activity is practically stagnant in 2019.
The IBC-Br rose 0.07% in August compared to the previous month, according to seasonally adjusted data by BC.
At this rate, the Brazilian economy grows at a rate of 0.8% per year. Brazilian financial market analysts' expectations were for growth of 0.2%, so performance was well below expectations.
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