In the second quarter, GDP increased 0.4% over the previous quarter in seasonally adjusted terms. The figure was above the 0.1% expansion observed in the first quarter (previously reported: +0.2% quarter-on-quarter) but came in below market expectations of a 0.5% rise. Compared to the same quarter last year, the economy added 0.5%, down from the 0.8% increase tallied in Q1 and below market expectations of a 0.7% rise. On the domestic side, fixed investment contracted 0.7% over the previous quarter, which was less than the 1.5% decline observed in the first quarter. Private consumption expanded a modest 0.6%, down from the 0.9% increase seen in Q1. Finally, government spending rose a stronger 1.1% in the second quarter, which was nevertheless below the 1.6% expansion seen in the first quarter. On the external side of the economy, exports of goods and services declined 3.9%, a deterioration over the 0.3% decrease tallied in Q1. Imports, on the other hand, rebounded from a 0.4% contraction in the first quarter to a 1.9% expansion in the second.
Economic growth remains modest in the second quarter
August 31, 2012
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Brazil Economic News
October 25, 2016
Brazil’s current account balance improved in September, continuing to build on the considerable gains made over the past year.
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.