Brazil GDP up 0.6% in quarter ending in JulyStaff Writer | September 20, 2017
Brazil's gross domestic product (GDP) was observed to grow 0.6% in the three-month period ending in July this year against the quarter ending in April.
LatAm Compared to the quarter ending in July 2016
The figures come from the GDP Monitor, released by the Getulio Vargas Foundation (FGV).
Taking only July into account, there was a 0.1% hike from the previous month and a 1.3% expansion against July 2016.
As for the 1.1% increase ending in July this year against the same period last year, the highlights were farming and livestock (11.7%), mining (4.5%), manufacturing industry (1.6%), trade (3%), transport (2.4%), and other services (1.5%).
Exports grew 5.7%, driven mostly by farming and livestock goods (8.1%¨) and mining (31.4%).
Imports slipped 1.8%, a decline pulled chiefly by the decrease in the purchase of capital goods (-43.8%) by Brazil's productive sector. ■