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BRASILIA, July 17 (Reuters) - Economic activity in Brazil was practically flat in May from April, central bank data showed on Friday, below market estimates for a slight pick up.
The Brazilian central bank's IBC-Br economic activity index , a gauge of farming, industry and services activity, rose 0.03 percent in May. The indicator was expected to rise 0.2 percent in the month, according to a Reuters poll. (Reporting by Alonso Soto)