In the first quarter, GDP expanded a seasonally adjusted 1.3% over the previous quarter, which was above the revised 0.8% increase in the fourth quarter (previously reported: +0.7% quarter-on-quarter) but was in line with market expectations. Compared to the same quarter last year, the economy added 4.2% (Q4: +5.0% year-on-year). The acceleration over the previous quarter reflected strong fixed investment and higher government spending. Fixed investment grew 1.2% in the first quarter (Q4: +0.4% qoq) and government consumption rebounded from a 0.3% contraction in the last quarter of 2010 to a 0.8% expansion in the first quarter. On the other hand, private consumption decelerated from 2.3% in Q4 to 0.6% in Q1. The net contribution from the external sector to overall growth deteriorated, as the decline in exports was more severe than the drop in imports. While exports of goods and services decreased 3.2% in Q1 (Q4: +3.3% qoq), imports declined only 1.6% (Q4: +1.5% qoq). The Central Bank expects GDP to grow 4.5% in 2011.
Economy gains momentum in the first quarter
June 3, 2011
Looking for forecasts related to GDP in Brazil? Download a sample report now.
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.