Brazilian GDP Growth Accelerates to 1.5% QoQ in Q2

In the second quarter of 2013, Brazilian GDP accelerated to its fastest pace in three years. The economy expanded a seasonally adjusted 1.5 percent over the previous quarter, boosted by higher exports and agricultural production.

Agricultural activities increased 3.9 percent quarter-on-quarter.

All main activities in the industrial sector expanded in the second quarter. Construction increased the most (3.8 percent qoq), followed by manufacturing (1.7 percent) and mining (1 percent).

On the demand side, household and public consumption increased 0.3 percent and 0.5 percent, respectively, while investment increased 3.6 percent. Exports posted the highest growth rate (up by 6.9 percent qoq) and imports went up by 0.6 percent.

On a year-over-year basis, the economy grew 3.3 percent, the strongest expansion since the second quarter of 2011.

Brazilian GDP Growth Accelerates to 1.5% QoQ in Q2

Joana Taborda |
8/30/2013 1:58:56 PM