Notícias da Rede

Brazil's economy grows faster than expected

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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.