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Brazil economic activity index up more than expected in September
November 20, 2017 / 10:54 AM / 23 days ago

Brazil economic activity index up more than expected in September

BRASILIA, Nov 20 (Reuters) - Economic activity in Brazil expanded at a faster-than-expected pace in September, central bank data showed on Monday, rebounding from the prior month’s contraction and reinforcing the outlook for a gradual recovery.

Activity rose 0.40 percent from August after seasonal adjustments, following an upwardly revised 0.37 percent decline the month before. The median forecast in a Reuters poll indicated a 0.34 percent monthly increase in September. (Reporting by Bruno Federowski and Jake Spring; Editing by Peter Graff)

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