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Central Bank registers economic recovery in all regions

Regional Bulletin

Report shows that Brazilian regions have benefited from increased trade and agricultural production

In the midst of the gradual recovery of the economy, the Central Bank registered signs of recovery in all regions of the country. According to a report released on Friday (18), the performance of the agricultural sector and the recovery of the commerce sector were responsible for the result.

According to the institution, regional economic performance is in line with the evolution of the main indicators of economic activity and compatible with the country's economic recovery prospects.

In the second half of the year, the Brazilian economy grew by 0.25% compared to the previous quarter, according to the Central Bank's Economic Activity Index (IBC-Br).

Highlights

In the North, the Central Bank highlighted the positive effects of the agricultural harvest and the recovery of retail sales as evidence of economic recovery.

In the Northeast region, growth in the grain harvest forecast, which is expected to reach 91.1% in 2017, in addition to the sales in trade impacted by the withdrawals from the inactive accounts of the FGTS, were the signs Highlighted by the Central Bank.

In the case of the Midwest, an expansion of economic activity, driven by the performance of construction and agriculture, were the factors that contributed to the result. The Southeast benefited from an increase in industrial production and employment rates.

Finally, the economy in the South was positively influenced by the increase in sales volume in trade and, again, by agricultural production.

Source: Portal Brasil, with information from the Central Bank