Brazil economic activity index jumps 0.69 in Sept

* Data showed economic activity robust but sustainable

* Activity grew 6.12 pct in Sept from year ago

BRASILIA, Nov 17 (BestGrowthStock) – Economic activity in Brazil
rose at a solid pace in September but the annual growth rate
reinforced the view the economy was settling into a more
sustainable path in the second half of the year.

The central bank’s IBC-Br Brazilian economic activity
index (BRIBC=ECI: ) rose 0.69 percent in September from August,
after the index remained unchanged in the previous month.

But activity grew 6.12 percent in September compared with a
year earlier, following August’s previously reported 6.43
percent rise, by the same comparison.

Latin America’s largest economy saw its fastest annual
growth in at least 14 years in the first three months of the
year but it slowed slightly in the second quarter.

Economists in a weekly central bank survey are expecting
the economy will end the year with 7.6 percent growth, after
expanding at around 9 percent year-on-year in the first two
quarters of 2010.

The data could ease pressure on the central bank for higher
interest rates. The bank has kept a benign inflation outlook
even as inflation expectations grow and there are signs that
price pressures are picking up.

The activity index is compiled by the central bank and
comes ahead of the quarterly gross domestic product numbers
released by the government’s statistics agency IBGE.

(Reporting by Aluisio Alves; Writing by Ana Nicolaci da
Costa; Editing by W Si,pm )

Brazil economic activity index jumps 0.69 in Sept