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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 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 industry, which expanded 0.9percent from July. On an unadjusted basis, the index was up 1.2 percent from a year earlier and rose 1.6 percent on a rolling 12-month basis through August....
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