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Brazil IBC-Br economic activity index up 2.15% in July: central bank - Metro US

Brazil IBC-Br economic activity index up 2.15% in July: central bank

A woman walks past a money exchange office in Rio de Janeiro

BRASILIA (Reuters) – Economic activity in Brazil rose a seasonally-adjusted 2.15% in July, a central bank indicator showed on Monday, less than the 3.4% forecast in a Reuters poll of economists.

The central bank’s IBC-Br economic activity index, a leading indicator of gross domestic product (GDP), was down 4.9% compared with the same month a year ago, and is down 2.9% on an accumulated 12-month basis, the central bank said.

(Reporting by Jamie McGeever; Editing by Kevin Liffey)

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