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Brazil GDP Grows Less than Expected in Q3
The Brazilian economy expanded at a record 7.7 percent on quarter in the third quarter of 2020, following a record 9.6 percent contraction in the previous period when the coronavirus crisis hit the economy hard. Still, figures came below market forecasts of a 9.9 percent expansion. Industry jumped 14.8 percent, mainly due to manufacturing (23.7 percent), utilities (8.5 percent), construction (5.6 percent) and mining (2.5 percent). The services sector surged 6.3 percent, led by trade (15.9 percent), transportation and storage (12.5 percent) and information and communication (3.1 percent). In contrast, agriculture fell 0.5 percent. Year-on-year, the economy sank 3.9 percent and considering the first three quarters of the year, the GDP is still 5 percent lower than in the same period of 2019.
Published on 2020-12-03

Brazil Q2 GDP Shrinks the Most on Record, Enters Recession
Brazil’s gross domestic product shrank 9.7 percent on quarter in the three months to June 2020, following an upwardly revised 2.5 percent drop in the previous period and compared with forecasts of a 9.4 percent decline. It was the second consecutive quarterly contraction in GDP and the steepest on record, officially entering a recession due to the COVID-19 pandemic and the government measures taken to reduce the spread of the virus. Services activities plunged 9.7%, after decreasing 2.2% in Q1, namely trade (-13% vs -1.4%), transport & storage (-19.3% vs -2.4%), information & communication (-3% vs -2%) and other activities (-19.8% vs -5.3%). Also, the industry sector slumped 12.3%, following a 0.8% fall, in particular manufacturing (-17.5% vs -1.9%), construction (-5.7% vs -3.3%) and utilities (-4.4% vs -0.3%). Additionally, output growth eased in primary activities (0.4% vs 0.5%). Year-on-year, the economy contracted a record 11.4 percent, after shrinking a 0.3 percent in Q1.
Published on 2020-09-01

Brazil Q1 GDP Contracts the Most in Nearly 5 Years
The Brazilian economy shrank 1.5 percent on quarter in the first three months of 2020, following a downwardly revised 0.4 percent growth in the previous period and matching market forecasts. It was the first contraction since 2016 and the steepest since Q2 2015, amid the coronavirus pandemic. Services activities contracted 1.6 percent, following a 0.7 percent expansion in the prior quarter, of which trade (-0.8% vs -0.2%), transport & storage (-2.4% vs 1.5%), information & communication (-1.9% vs 1.6%), financial & insurance activities (-0.1% vs 0.8%), and public administration, health & social security (-0.5% vs 1%). Also, the industry sector shrank 1.4 percent, after stalling in the last quarter of 2019, mainly due to mining (-3.2% vs 0.7%), manufacturing (-1.4% vs 0.1%) and construction (-2.4% vs -2.3%). Year-on-year, the GDP fell 0.3 percent, the most since Q4 2016, after growing 1.7 percent in the prior period.
Published on 2020-05-29

Brazil Q4 GDP Growth Slows to 0.5% QoQ
The Brazilian economy grew 0.5 percent on quarter in the three months to December 2019, easing from a 0.6 percent expansion in the previous period and matching market forecasts. The industry sector advanced 0.2 percent, slowing from a 0.8 percent growth in the prior quarter, mainly due to construction (-2.5 percent vs 1.6 percent in Q3) and mining (0.9 percent vs 11.5 percent), while manufacturing output rebounded (0.3 percent vs -0.9 percent). On the other hand, services activities expanded 0.6 percent, faster than 0.5 percent in Q3, boosted by transportation & storage (1.2 percent vs 0.1 percent); information & communication (1.9 percent vs 1.2 percent); public administration, health, defense & social security (0.9 percent vs -0.6 percent); and real estate (0.3 percent, the same as in Q3). Year-on-year, the GDP increased 1.7 percent, the most since Q4 2017, after a 1.2 percent expansion. Considering full 2019, the economy grew 1.1 percent, the slowest growth rate in three years.
Published on 2020-03-04

Brazilian Economy Expands the Most in Over a Year
The Brazilian economy advanced 0.6 percent on quarter in the three months to September 2019, following an upwardly revised 0.5 percent expansion in the previous period and beating market expectations of 0.4 percent. It was the strongest growth rate since the first quarter of 2018, as industrial and services activities expanded further and the agricultural sector recovered.
Published on 2019-12-03

Brazil Q2 GDP Growth Beats Forecasts
The Brazilian economy advanced 0.4 percent on quarter in the three months to June 2019, after a downwardly revised 0.1 percent contraction in the prior period and above market expectations of a 0.2 percent expansion. Growth was mainly boosted by industrial and services activities while agricultural output declined.
Published on 2019-08-29

Brazilian Economy Contracts for 1st Time in Over 2 Years
The Brazilian economy shrank 0.2 percent on quarter in the first quarter of 2019, slowing from a 0.1 percent expansion in the previous period and in line with market expectations. It was the first contraction since the last quarter of 2016, as household consumption rose at a softer pace and fixed investment continued to shrink while government spending rebounded.
Published on 2019-05-30

Brazil Q4 GDP Growth Slows to 0.1% QoQ
The Brazilian economy advanced 0.1 percent on quarter in the fourth quarter of 2018, compared to a downwardly revised 0.5 percent expansion in the previous period and below market expectations of 0.2 percent. The slowdown was mainly due to a contraction in government spending and gross fixed capital formation.
Published on 2019-02-28

Brazil GDP Growth Highest in 1-1/2-Year
The Brazilian economy expanded 0.8 percent on quarter in the third quarter of 2018, above a 0.2 percent rise in the previous period and in line with market expectations. It is the highest growth rate since the first quarter of 2017, mainly due to a rebound in investment and government spending after a nationwide truck strike during May and June caused supply disruptions and weighed down on growth. So far this year, the Brazilian economy advanced 1.1 percent.
Published on 2018-11-30

Brazil Quarterly GDP Growth Picks Up to 0.2% in Q2
The Brazilian economy grew by 0.2 percent on quarter in the three months to June 2018, following a downwardly revised 0.1 percent advance in the previous period and slightly beating market expectations of 0.1 percent. The slight expansion was sharply impacted by nationwide truckers strikes in May and June, which led to the first fall in investment in more than a year and the biggest decline in exports since the last quarter of 2014.
Published on 2018-08-31

Brazil GDP Growth at 0.4% in Q1, Matches Forecasts
The Brazilian economy advanced 0.4 percent on quarter in the first three months of 2018, following an upwardly revised 0.2 percent expansion in the previous quarter and in line with market expectations. It marks the fifth straight quarter of growth after a 2-year recession in 2016 and 2015. Household spending rose slightly faster while investment slowed and public expenditure shrank.
Published on 2018-05-30

Brazil GDP Growth Below Forecasts in Q4
The Brazilian economy advanced 0.1 percent on quarter in the last three months of 2017, following an upwardly revised 0.2 percent expansion in the previous period and well below market expectations of a 0.4 percent rise. It is the lowest growth rate in four quarters after a 2-year recession in 2017. Considering full 2017, the economy expanded 1 percent, following a 3.5 percent contraction in both 2016 and 2015.
Published on 2018-03-01

Brazil GDP Grows a Meager 0.1% in Q3
The Brazilian economy advanced 0.1 percent on quarter in the third quarter of 2017, following an upwardly revised 0.7 percent growth in the previous period and below market expectations of 0.3 percent. Still, it was the third consecutive expansion after 2 year long recession.
Published on 2017-12-01

Brazil GDP Growth Beats Expectations in Q2
The Brazilian economy advanced 0.2 percent on quarter in the second quarter of 2017, following a 1 percent growth in the previous period and beating market expectations of a 0.1 percent expansion. Household spending increased for the first time in 2-1/2-years while government spending declined more and investment continued to fall. Year-on-year, the economy advanced 0.3 percent, following a 0.4 percent contraction in the previous period and marking the first annual growth rate since the first quarter of 2014.
Published on 2017-09-01

Brazil GDP Returns To Growth In Q1
The Brazilian economy advanced 1 percent on quarter in the first three months of 2017, following a downwardly revised 0.5 percent drop in the previous period and in line with market expectations. It is the first expansion after a 2-year recession, boosted by a jump in exports and a smaller drag from consumer spending. On the other hand, public spending fell and investment continued to shrink.
Published on 2017-06-01

Brazil GDP Shrinks More Than Expected In Q4
The Brazilian economy contracted 0.9 percent on quarter in the last three months of 2016, following a downwardly revised 0.7 percent drop in the previous period and worse than market expectations of a 0.6 percent fall. Household consumption declined at a steeper pace and imports recovered while investment and exports shrank less and government spending edged up. Considering full 2016, the GDP shrank 3.6 percent, following a 3.8 percent contraction in 2015.
Published on 2017-03-07

Brazil GDP Contracts For 7th Quarter
The Brazilian economy shrank 0.8 percent on quarter in the three months to September of 2016, in line with market expectations. It is the seventh straight quarter of contraction as consumer spending continued to fall and public expenditure and investment shrank. Year-on-year, the economy contracted 2.9 percent, compared to expectations of a 3.2 percent decline.
Published on 2016-11-30

Brazil GDP Contracts 0.6% QoQ in Q2
The Brazilian economy shrank 0.6 percent on quarter in the three months to June of 2016, following an upwardly revised 0.4 percent decline in the previous period and worse than market expectations of a 0.5 percent drop. It is the sixth straight quarter of contraction although investment rose for the first time in nearly three years. Year-on-year, the GDP shrank 3.8 percent.
Published on 2016-08-31

Brazil Economy Contracts 0.3% in Q1
The Brazilian economy shrank 0.3 percent on the quarter in the first three months of 2016, following a downwardly revised 1.3 percent contraction in the previous period and beating market expectations of 0.8 percent decline. It was the smallest drop since the first quarter of 2015, aided by rising exports and a rebound in government expenditure while consumer spending and investment continued to shrink. Year-on-year, the GDP fell 5.4 percent, easing from a 5.9 percent drop in the fourth quarter and beating market expectations of 6 percent decline.
Published on 2016-06-01

Brazil GDP Shrinks 1.4% QoQ in Q4
The Brazilian economy contracted 1.4 percent on quarter in the last three months of 2015, slightly lower than market expectations of a 1.5 percent decline and following a 1.7 percent contraction in the previous period, marking the fourth straight quarter of contraction. Year-on-year, the GDP shrank 5.9 percent, bringing full 2015 contraction to 3.8 percent, the worst annual performance since 1991.
Published on 2016-03-03