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Brazil Economic Activity February 2021

Brazil: Economic activity growth hits five-month high in February

Economic activity grew 1.7% in month-on-month seasonally-adjusted terms in February, which was above January’s 1.3% increase. The figure marked the best result since September 2020.

On an annual basis, economic activity rebounded, rising 1.0% in February (January: -0.5% yoy). Accordingly, the trend improved slightly, with the annual average variation of economic activity coming in at minus 4.0%, up from January’s minus 4.1% reading.

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