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Brazil economic activity index up more than expected in July

Brazil economic activity index up more than expected in July

SAO PAULO: Economic activity in Brazil expanded at a faster pace than expected in July, central bank data showed on Thursday, surpassing analyst expectations for the second month in a row.

Economic activity rose 0.41 percent in July after seasonal adjustments, following an upwardly revised 0.55 percent the month before. The median forecast in a Reuters poll indicated a 0.10 percent monthly advance in July.