Brazil’s Economic Activity Grows Above Forecast Ahead of Interest Rate Decision
- Economic activity index rose 0.56% month-on-month in April
- Central bankers are seen holding rates at 13.75% next week
A worker holds a cart of products in front of a store in Rio de Janeiro, Brazil.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazil’s economy expanded more than expected in April according to the central bank’s main gauge of activity, one of the final data releases ahead of policymakers’ interest rate decision next week.
The bank’s economic activity index, a proxy for gross domestic product, rose 0.56% from the prior month, above the 0.15% median forecast in a Bloomberg survey. From a year ago, the gauge increased 3.31%, according to data published Friday.