Brazil’s recovery gained traction in June according to the central bank’s main gauge of activity, as Latin America’s biggest economy reopens as the vaccination campaign advances.
The bank’s economic activity index, which is a proxy for gross domestic product, rose 1.14% on the month in June, more than the 0.55% median estimate in a Bloomberg survey, the bank reported on Friday. However, May’s reading was revised down to -0.55% from -0.43% previously.
