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GDP Preview points to positive result in August

IBC-Br

In comparison with the same period last year, advance was 1.46% in the series that calculates result after seasonal adjustments

In the midst of the stabilization of the economy, Brazil started to grow again in August. Central Bank data show that, compared to the same period of last year, the advance was 1.46% in the adjusted series. It is a series that uses compensation to better compare different periods.

The number is part of the Economic Activity Index of the Central Bank (IBC-Br), and was released on Wednesday (18). Known as the "previous BC for GDP", the IBC-Br serves as a parameter to evaluate the pace of the Brazilian economy over the months. In addition, the   study attempts to predict the behavior of the Gross Domestic Product before official disclosure.

In relation to the previous month, the Brazilian economy registered a 1.44% increase, in the series free of compensation. GDP represents the sum of all goods and services produced in a region over a period of time.

For this year, experts expect Brazil to consolidate the end of the recession and grow 0.72%. This forecast is in line with the bet by the International Monetary Fund (IMF), which estimates an advance of 0.7% of GDP in 2017

These results, however, still need to be confirmed by the Brazilian Institute of Geography and Statistics (IBGE), responsible for disseminating the GDP result. The figures for the third quarter of the year will be presented by the institute in December.

 Source: Government of Brazil, with information from the Central Bank