News

GDP up 0.6% in 3 months, think tank says

18 de setembro de 2017

A survey shows that the Brazilian economy grew in the three months through July from the preceding three-month period.

Rio de Janeiro – Brazil’s Gross Domestic Product (GDP) saw 0.6% growth in the three months through July from the three months ended April. Compared with the three months through July 2016, GDP was up 1.1%. The data are from the GDP Monitor released this Monday (18) by think tank Fundação Getulio Vargas (FGV).

In July alone, GDP climbed 0.1% from June and 1.3% from July 2016.

The 1.1% hike year-on-year in the three months through July was driven by agriculture (11.7%), mineral extraction (4.5%), the process industry (1.6%), trade (3%), transportation (2.4%) and other services (1.5%). The GDP through July 2017 amounted to approximately BRL 3.78 trillion.

Via Agência Brasil. Translated by Gabriel Pomerancblum