Brazil's Economic Growth Slows Slightly

Brazil's economic growth slowed slightly in the third quarter of 2010, as interest rate hikes and expiring tax cuts trimmed the expansion from the torrid pace recorded earlier this year., IBGE 12/9/2010 1:29:46 PM

In relation to the second quarter, the Gross Domestic Product (GDP) at market prices grew 0.5% considering the seasonally adjusted series. The services recorded a growth of 1.0%, while industry (-1.3%) and agriculture (-1.5%) decreased.

In comparison to the third quarter of 2009, the GDP grew 6.7%. In this confrontation, among economic activities, industry (8.3%) stood out, followed by agriculture (7.0%) and services (4.9%).

In the accumulated of the four quarters ended in the third quarter of 2010, growth was 7.5% in relation to the immediately previous four quarters. In the accumulated of the year in 2010, in relation to the same period of 2009, GDP varied, up to September, 8.4%. GDP at current values reached R$ 937.2 billion in the third quarter of this year.