Brazil August economic activity rises 0.3 percent
Economic activity in Brazil increased by a seasonally adjusted 0.3 percent in August compared to the previous month. The gain was largely driven by the industrial sector. The central bank continues monitoring growth to help inflation converge toward its target.
Economic activity in Brazil rose 0.3% in August from July, matching the median forecast in a poll of economists. The monthly uptick reflects a steady pace in Latin America's largest economy as policymakers weigh inflation targets. Investors are watching central bank moves closely as borrowing costs remain elevated.
