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Brazil February PMI rises to 51.4 (50.6 previously), an 11-month high. The index measuring the...

Brazil February PMI rises to 51.4 (50.6 previously), an 11-month high. The index measuring the stock of finished goods not only remains below 50, but fell in February, notes HSBC economist Andre Loes, suggesting the manufacturing improvement is something beyond just the inventory cycle.
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