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Brazil Economic Activity January 2020

Brazil: Economic activity rises in January

Economic activity grew 1.0% month-on-month in seasonally-adjusted terms in January, rising from the 0.7% growth clocked in December 2020 and marking the highest reading in four months.

On an annual basis, economic activity fell 0.5% in January, contrasting December’s 1.6% rise which had marked a 14-month high. Meanwhile, the trend was unchanged, with the annual average variation of economic activity coming in at minus 4.0% in January, thus matching December’s reading.

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