Brazil economic activity index drops 0.18 pct in May -central bank

BRASILIA, July 17 Thu Jul 17, 2014 7:40am EDT

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BRASILIA, July 17 (Reuters) - The Brazilian central bank's IBC-Br economic activity index dropped 0.18 percent in May from April in seasonally adjusted terms, the bank said on Thursday.

The median estimate in a Reuters survey of 18 analysts was for a 0.5 percent drop.

The index, a gauge of activity in the farming, industry and services sectors, dropped a non-seasonally adjusted 0.17 percent over the same month a year ago. (Reporting by Silvio Cascione Editing by W Simon)