Brazil’s economy expanded more than expected in April according to the central bank’s main gauge of activity, one of the final data releases ahead of policymakers’ interest rate decision next week.
The bank’s economic activity index, a proxy for gross domestic product, rose 0.56% from the prior month, above the 0.15% median forecast in a Bloomberg survey. From a year ago, the gauge increased 3.31%, according to data published Friday.
Read More: Brazil’s Economic Activity Surpasses Expectations Prior to Interest Rate Decision