Brazil economic activity falls more than expected in January – central bank

BRASILIA, March 18 (Reuters) – Brazilian economic activity posted its biggest monthly fall in January since May last year, a central bank indicator showed on Monday, another piece of evidence that the economy’s weak performance late last year has carried on into this year.

The central bank’s IBC-BR economic activity index, seen as a good indicator of broader gross domestic product, fell 0.41 percent in January from December, compared to the median forecast of a 0.10 percent fall in a Reuters poll of economists. (Reporting by Jamie McGeever)

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