Brazil Economy End First Half 2023 With Bigger-Than-Expected Gain

Brazil’s economy ended the first half of the year on better-than-expected footing according to the central bank’s main gauge of activity, as demand proved uneven weeks before the start of key rate cuts.

The bank’s economic activity index, a proxy for gross domestic product, rose 0.63% in June from the prior month, slightly more than the median estimate of 0.50% from analysts in a Bloomberg survey. From a year ago, the gauge increased 2.1%, according to data published on Monday.

ncG1vNJzZmivp6x7o7jOqKSbnaKce6S7zGilnq%2BjZK6zwMico56rX2d9c3%2BMaW9maWRkr7Ot2aKjZp2TpLuwudhmmpqoo2Kzqr7SrWShmZyberi106Fkm6GXnLKzedOhmKdlla29pq%2FTnptmn5Geuw%3D%3D