Brazil Economy Grows 0.6% QoQ In Q1

In the first quarter of 2013, Brazil GDP expanded 0.6 percent qoq, below market expectations. While agriculture grew 9.7 percent, services increased 0.5 percent and industry contracted 0.3 percent.

The drop in the industrial sector was mainly driven by 2.1 percent fall in mining and quarrying. Manufacturing increased 0.3 percent.

On the demand side, household and public consumption remained stable in comparison with the previous quarter, while investment expanded 4.6 percent. Exports decreased 6.4 percent and imports rose 6.3 percent.

On a year-over-year basis, the economy grew 1.9 percent, the strongest expansion since the third quarter of 2011.

Brazil Economy Grows 0.6% QoQ In Q1

Duarte Ricardo |
5/29/2013 3:06:41 PM