Notícias da Rede

Brazil's economy grows faster than expected


The Brazilian Institute of Geography and Statistics (IBGE) disclosed on Friday (August 31) that the Brazilian Gross Domestic Product (GDP) grew 0.2% in the second quarter of 2018, compared to the previous three months.   In market values, GDP totaled R$ 1.693 trillion.

The result is positive as it shows that the growth was higher than expected and suggests a slight expansion in relation to the previous three months. According to a survey with analysts conducted by Reuters, said expectations were up 0.1% of GDP in the second quarter over the previous period and 1.1% compared to a year earlier.

IBGE data show a 0.3% increase in the level of service activity in the second quarter compared to the previous three months, in relation to a 0.6% drop in the industry, in a period affected by the truck drivers' strike at the end of May.

Household spending increased 0.1% from April to June, while government spending increased 0.5% over the first quarter.