The leading index for Brazil, which measures the future economic activity, dropped for the fifth consecutive month in March, the results of a survey by the Conference Board showed Thursday.
The Conference Board/ Fundaco Getulio Vargas Leading Economic Index for Brazil fell 2.0 percent in March, following a 1.4 percent decline in February.
The services, manufacturing and consumer expectations indexes continued to contribute negatively to the index in March.
“Although the LEI for Brazil appeared to be stabilizing somewhat at the end of 2014, the continued lack of business and consumer confidence is taking a toll on the economic outlook for 2015,” Ataman Ozyildirim, Economist at The Conference Board, said.
At the same time, the coincident index that indicates the current economic activity rose 0.3 percent in March, in contrast to a 0.4 percent decrease in the prior month. Five of the six components gained in March.
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