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February Manufacturing PMI Rises To 52.8, FinMin On GDP Data

BRAZIL
  • S&P Global Brazil Feb. Manufacturing PMI 54.1 vs 52.8 in Jan. (BBG)
  • Also worth noting comments from the finance ministry following today's GDP data:
  • Finance ministry says Q4 GDP figures 'compatible' with prospects of increased activity expansion in Q1 2024
    • We continue to estimate a 2.2% increase in GDP in 2024
    • We expect more homogeneous growth in 2024 (Reuters)

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