May 15, 2019 / 11:42 AM / 9 days ago

Brazil economic activity shrinks in March, Q1 - central bank index

BRASILIA, May 15 (Reuters) - Brazilian economic activity fell in March, a central bank indicator showed on Wednesday, adding weight to the view flagged by policymakers earlier this week that the economy contracted in the first quarter.

The central bank’s IBC-BR economic activity index, a leading indicator of gross domestic product (GDP), fell 0.28% in March from February, resulting in a decline of 0.68% in the first three months of the year. (Reporting by Jamie McGeever)

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