Brazil's economic activity drops 0.11 pct in January
BRASILIA, March 16 (Reuters) - The Brazilian central bank's IBC-Br economic activity index dropped a seasonally adjusted 0.11 percent in January from December, the bank said on Monday, slightly below market expectations.
The median estimate in a Reuters survey of 21 analysts was for a 0.01 percent increase. The IBC-Br index is a gauge of activity in the farming, industry and services sectors and serves as a rough proxy for gross domestic product data.
(Reporting by Silvio Cascione; Editing by Chizu Nomiyama)
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