May 16, 2018 / 11:37 AM / 9 days ago

Brazil economic activity down more than expected in March

BRASILIA, May 16 (Reuters) - Economic activity in Brazil contracted more than expected in March, the central bank said on Wednesday, the latest in a string of indicators suggesting a first-quarter slowdown.

The central bank’s economic activity index fell 0.74 percent from February, more than the median forecast in a Reuters poll of economists of a 0.10 percent decline. (Reporting by Bruno Federowski Editing by Chizu Nomiyama)

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