Brazil's economic activity drops 0.11 pct in January

lunes 16 de marzo de 2015 07:39 GYT

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)