The Brazilian Central Bank’s Economic Activity Index (IBC-Br) showed a seasonally adjusted gain in June of 0.23% against the previous month, the bank said Friday. The index was still down 4.26% against June of 2015. However, according to econommists, the June uptick is evidence that Brazil may now be poised for a modest economic recovery. The index is a measure of broad economic activity, including services, agriculture and industry.
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