Brazil’s Activity Falls 0.2% in July, Marking Second Monthly Contraction
Brazil's central bank activity index fell 0.2% month-on-month in July on a seasonally adjusted basis, the second consecutive monthly contraction after a revised 0.9% decline in June. Agricultural output led the weakness with a 1.2% decline, industry slipped 0.4% and services were flat. The central bank has cut its policy rate by 25 basis points at …