Brazil’s Economic Activity Index (IBC-Br) advanced by 0.4% in September against the previous month and 1.3% against September of 2016, the Brazilian Central Bank said Monday. The September figure reversed a month-on-month decline in August. So far in 2016, the index has posted gains for six months and losses for three. September’s gains were led by industrial output and retail sales, especially supermarkets. Services lagged. Economists said the September figure is further evidence that Brazil’s modest but steady economic recovery is on course.
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