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Nov 17, 2014

Central bank data suggests Brazil escaped recession in third-quarter

BRASILIA (Reuters) – Economic activity in Brazil rose more than expected in September, central bank data showed on Monday, suggesting the country is pulling out of a mild recession.

The Brazilian central bank’s IBC-Br economic activity index BRIBC=ECI rose 0.40 percent in September from August in seasonally adjusted terms, up from 0.20 percent in the previous month, the bank said on Monday.

Nov 17, 2014

Central bank data suggests Brazil escaped recession in Q3

BRASILIA, Nov 17 (Reuters) – Economic activity in Brazil
rose more than expected in September, central bank data showed
on Monday, suggesting the country is pulling out of a mild
recession.

The Brazilian central bank’s IBC-Br economic activity index
rose 0.40 percent in September from August in
seasonally adjusted terms, up from 0.20 percent in the previous
month, the bank said on Monday.

    • About Silvio

      "Silvio Cascione is a Reuters economics correspondent in Brasilia, covering through market polls and economic data the sharp slowdown of Brazil's economy over the past few years. He also leads polling across Latin America on several issues such as regional growth prospects, inflation, and foreign exchange rates."
      Joined Reuters:
      2007
      Languages:
      Portuguese, English, Spanish
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