Brazilian GDP increases by 1.2 percent in Q2

Thursday, 01 September 2022 22:55:16 (GMT+3)   |   Sao Paulo

The gross domestic product (GDP) in Brazil increased by 1.2 percent in the second quarter of the year from the previous quarter.

According to the Brazilian institute of geography and statistics (IBGE), the result is the fourth increase in a row since a negative performance during the second quarter of 2021.

As a result, the country’s GDP increased by 2.5 percent during the first half of the year, standing 3.0 percent above the pre-Covid 19 pandemic level of the fourth quarter of 2019.

The result was positively affected by the services sector, including transportation (up 3.0 percent), information and communications (up 2.9 percent), while industrial activities increased by 2.2 percent, electricity and gas by 3.1 percent, civil construction by 2.7 percent and mining activities by 2.2 percent.

Similar articles

Gross domestic product increases in Brazil during the third quarter of 2022

01 Dec | Steel News

Brazilian industrial indicators increase in July

02 Sep | Steel News

Brazilian industrial entrepreneurs show increased economic confidence

10 Aug | Steel News

Brazilian central bank increases forecast for GDP growth in 2022

29 Jun | Steel News

Brazilian steel industry to continue momentum, say analysts

21 Jun | Steel News

OECD says still room to grow Brazilian economy

11 Oct | Steel News

Brazil committed to economic reforms

11 Oct | Steel News

Moody's expects stable outlook for Brazilian steel industry in 2019

14 Dec | Steel News

Brazil’s GDP in Q1 grows 0.4 percent quarter-on-quarter

30 May | Steel News

Brazilian investment bank upbeat on local steel industry in 2018

12 Jan | Steel News