Rio de Janeiro – The Brazilian Gross Domestic Product (GDP) shrank 0.4% in the quarter that ended in April of this year over the previous quarter (that ended in January). In comparison to the same period of past year, however, the GDP grew 1.3%, according to the GDP Monitor, measured by Fundação Getulio Vargas (FGV).
But in April only, the GDP grew 0.1% in comparison to March of this year and 2.9% in comparison to April of last year. Year-over-year, the GDP has grown 1.6%.
In the comparison between the quarter that ended in April with the quarter that ended in January, only the agricultural sector registered a growth (0.1%). The industry sector shrank 0.4%, with the services sector shrinking 0.1%.
Regarding demand, household consumption (0.1%) and exports (3.8%) went up. On the other hand, government consumption and the gross fixed capital formation, that is, investment, went down 0.3% and 0.2%, respectively.
The GDP measured monthly by FGV is not an official indicator but can be seen as a preliminary measure of the official index, which is measured by the Brazilian Institute of Geography and Statistics (IBGE) every quarter.
Translated by Sérgio Kakitani
