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Brazil's economic activity drops 0.33 pct in July from June
September 13, 2013 / 11:46 AM / 4 years ago

Brazil's economic activity drops 0.33 pct in July from June

SAO PAULO, Sept 13 (Reuters) - The Brazilian central bank’s IBC-Br economic activity index declined a seasonally adjusted 0.33 percent in July from June, the bank said on Friday.

The median estimate in a Reuters survey of 21 analysts was for a decline of 0.9 percent. The estimates were taken before the release of retail sales data on Thursday.

The index, a gauge of activity in the farming, industry and services sectors, rose a non-seasonally adjusted 3.38 percent over the same month a year ago.

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