Economic activity in Brazil rose in September for a fifth month, a central bank survey showed on Friday, more than economists had expected, pointing to a solid recovery in the third quarter from the worst of the COVID-19 shock earlier in the year.
The central bank’s IBC-Br index, often seen as a good proxy for broader gross domestic product, rose a seasonally-adjusted 1.3 percent in September from August, above the median 1.0 percent forecast in a Reuters poll of economists.
