Economic activity in Brazil drops 0.61 pct in January
BRASILIA, March 14 (Reuters) - A gauge of economic activity in Brazil fell in January on a seasonally adjusted basis, official data showed on Monday, underscoring the view that the country's recession was still worsening as the year started.
The Brazilian central bank's IBC-Br economic activity index fell 0.61 percent in January from the prior month, the bank said. A Reuters survey of 13 analysts forecast a 0.10 percent increase in the indicator, a gauge of activity in the farming, industry and services sectors. (Reporting by Silvio Cascione)
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