Economic activity grew 0.5% in May, says IAE-FGV

The Economic Activity Indicator of the Getúlio Vargas Foundation (IAE-FGV) pointed to a growth of 0.5% in the economy in May compared to April. The index released shows a small recovery after strong retractions in the previous two months. FGV warns, however, that activity is still at a much lower level than in the pre-pandemic period.

Source: UOL Economia