Friday, April 22, 2016

Forex - Brazil: February Proxy GDP comes above expectations at -0.29% m/m, -4.54% y/y

February Economic Activity came better than expected at -0.29%m/m, -4.54%y/y (Market expected -0.5%m/m, -4.97%y/y). The series got a make over to reflect a change in methodology as the BCB incorporated data from the survey of employment to estimate the services sector of the economy. Despite the apparent improvement, the data confirms the widespread recessionary environment in the country.


Source → Forex - Brazil: February Proxy GDP comes above expectations at -0.29% m/m, -4.54% y/y

Forex - Brazil: February Proxy GDP comes above expectations at -0.29% m/m, -4.54% y/y Rating: 4.5 Posted by: Unknown

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