Make Kitco Your Homepage

Brazil economic activity shrinks in March, Q1 - central bank index

Kitco News

BRASILIA, May 15 (Reuters) - Brazilian economic activity fell in March, a central bank indicator showed on Wednesday, adding weight to the view flagged by policymakers earlier this week that the economy contracted in the first quarter.

The central bank’s IBC-BR economic activity index, a leading indicator of gross domestic product (GDP), fell 0.28% in March from February, resulting in a decline of 0.68% in the first three months of the year. (Reporting by Jamie McGeever)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.