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Brazil's August PMI rises to 49.3 from 48.7 previously, led by New Export Orders remaining in...

Brazil's August PMI rises to 49.3 from 48.7 previously, led by New Export Orders remaining in contraction for the 16th consecutive month. Separately, the government was forced to cut its 2012 export forecast after a sharp fall in trade for August. Two key products: iron ore and sugar this year have seen export volume declines combining with big price drops - a tough 1-2 punch. EWZ -1.6%.
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