Latinnews Daily - 19 October 2017

* The index of economic activity in Brazil (IBC-BR) registered a 0.38% decline in August, following a 0.36% increase in July. Despite the blip in August, economic analysts still expect Brazil’s economy to recover gradually over the course of this year. The IBC-BR index is seen as a proxy for GDP and analyses production figures for Brazil’s three main economic sectors (agriculture and fisheries; industry; and services.) This is calculated differently from figures released by national statistics institute IBGE, which measures all goods and services in the country over a specific period. 

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