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Brazil December economic activity index up 0.26 pct vs November
February 20, 2013 / 11:37 AM / 5 years ago

Brazil December economic activity index up 0.26 pct vs November

SAO PAULO, Feb 20 (Reuters) - The Brazilian central bank’s IBC-Br economic activity index rose 0.26 percent in December from November in seasonally adjusted terms, the bank said on Wednesday.

The median estimate in a Reuters survey of 18 analysts, conducted before the government reported a surprise drop in retail sales in December, was for a rise of 0.40 percent.

The index, a gauge of activity in the farming, manufacturing and services sectors, rose a non-seasonally adjusted 1.19 percent over the same month a year ago.

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