Wed Nov 14, 2012 5:57am EST
* IBC-Br activity index rises 1.15 pct in Q3 versus Q2
* Activity drops 0.52 pct in September versus August
* Monthly drop fuels worries over strength of recovery
BRASILIA, Nov 14 (Reuters) - The Brazilian economy picked up speed in the third quarter versus the previous one, central bank data showed on Wednesday, but weaker activity in September suggests the path toward a full-fledged recovery remains rocky.
The central bank's IBC-Br economic activity index fell 0.52 percent in September from August in seasonally adjusted terms -- its first drop after three consecutive monthly increases. The median estimate in a Reuters survey of 22 analysts was for a drop of 0.60 percent.
The index, a gauge of activity in the farming, manufacturing and services sectors, rose 1.15 percent in the third quarter versus the second quarter, indicating that Latin America's largest economy is recovering after nearly a year of stagnation. In the second quarter, the economy expanded an upwardly-revised 0.61 percent from the previous period.
Ending the quarter on a weaker note raises some questions about the strength of the recovery as the effect of tax breaks to several industries like the automaker sector starts to wear off.
The index was revised sligthly down in August to a gain of 0.95 percent from 0.98 percent.
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