Home Business The Brazilian Economy Grew 1.74 Percent in the Q3

The Brazilian Economy Grew 1.74 Percent in the Q3

According to the Central Bank's Economic Activity Index (IBC-Br), GDP advanced over the second quarter.

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The Brazilian economy grew 1.74 percent in the third quarter of this year in relation to the previous three months, according to the Economic Activity Index (IBC-Br), released by the Central Bank on Friday (16) and calculated with adjustment seasonal.

According Central Bank, the index was accelerated due to the truckers’ strike, which retained the economy in the second quarter of the year, when growth of 0.2 percent was recorded.

In September IBC-Br had a 0.09% contraction over August (seasonally adjusted), but grew 0.72 percent over the same month of 2017. In the first nine months of the year, the expansion was 1, 14 percent and in the twelve months to September of 1.45 percent.

The index was created to try to anticipate the result of the Gross Domestic Product (GDP), whose official number is from the Brazilian Institute of Geography and Statistics (IBGE).