Brazil economic activity up
BRASILIA: Economic activity in Brazil rose by a seasonally adjusted 0.3 percent in August from the previous month, a central bank index showed on Friday, matching the median forecast in a Reuters poll of economists. The IBC-Br index, a proxy for gross domesti...
BRASILIA: Economic activity in Brazil rose by a seasonally adjusted 0.3 percent in August from the previous month, a central bank index showed on Friday, matching the median forecast in a Reuters poll of economists. The IBC-Br index, a proxy for gross domestic product, is compiled using the bank’s estimates for agriculture, industry and services, as well as taxes linked to production. August’s gain was driven by ind...