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.

Household spending advanced 0.5 percent, following a 0.1 percent gain in the last three months of 2017. Exports rebounded (1.3 percent compared to -0.8 percent in Q4) and imports rose faster (2.5 percent compared to 1.6 percent). On the other hand, investment increased at a slower 0.6 percent (2.1 percent in Q4) and government spending declined 0.4 percent after a 0.1 percent gain in the previous period. 

Year-on-year, the economy advanced 1.2 percent, well below 2.1 percent in the previous period and market expectations of 1.3 percent. It is the lowest annual growth rate since the second quarter of 2017.

Brazil GDP Growth at 0.4% in Q1, Matches Forecasts


Joana Taborda | joana.taborda@tradingeconomics.com
5/30/2018 1:57:31 PM