The Brazilian Central Bank’s Economic Activity Index (IBC-Br) posted a month-on-month decline of 0.38% in August, the Central Bank said Wednesday. Government economists called the decline temporary, saying it was due to a pause in manufacturing output. Economic activity rose 1.64% in August against the same month in 2016. Economists said they believe economic activity will resume its upward curve in September on lower inflation, declining interest rates and job expansion.
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