The leading index for Brazil, which measures the future economic activity, decreased for the eighth consecutive month in June, survey figures from the Conference Board showed Wednesday.
The leading index fell 0.6 percent in June, following a 0.1 percent decline in May and a 1.1 percent decrease in April.
The manufacturing survey?s expectations index, the services sector survey: expectations index, the swap rate , and the terms of trade index all contributed negatively to the headline index in June.
“The LEI continues to suggest that the current weakness in the economic environment is unlikely to change for the better any time soon. The prolonged cyclical weakness in the economy is a big challenge to realizing Brazil’s long-term growth potential,” Paulo Picchetti, Economist at FGV/IBRE, said.
At the same time, the coincident index that reflects the current economic activity rose 0.3 percent in June, after staying flat in the prior month.
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