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Economic Activity Data, Economy Ministry To Update Forecasts

  • Central bank’s economic activity index known as IBC-Br probably rose by 0.05% in May on a monthly comparison, according to the median estimate in a Bloomberg survey, after a 0.44% drop last month.
    • Seen as a monthly reference for the country’s Gross Domestic Product, report will be disclosed at 1300BST/0800ET.
  • Economy Ministry updates GDP, inflation estimates for 2022.
  • Largely a formality - Brazil Lower House approved the main text of the amendment bill that boost social aid in a second-round vote.
    • 469 lawmakers voted in favour and 17 against the bill.

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