The Central Bank of Brazil started the week with good news for the national economy. This morning, the institute released the Economic Activity Index, a preliminary Gross Domestic Product (GDP), and stated a gain of 0.54% in May compared to the previous month. This positive number comes after the same indicator registered a four consecutive months of declining , which has been declining since January.
But for the record, Central Bank also said that the number of May was calculated with “seasonal adjustment”, which is a compensation to compare different periods of a year. Saying that, the accumulated of the quarter until May of this year, in comparison with the previous quarter (December to February), the index registered a decrease of 0.99%.
The Economy Activity Index incorporates activities of the three sectors of the economy: industry, trade, and services.