Rio de Janeiro – Brazil’s Gross Domestic Product (GDP) was down by 0.9% in the three months through April compared to the three months through January. Published this Tuesday (18), the information from think tank Fundação Getulio Vargas (FGV)’s GDP Monitor report also shows that the economy remained stable year-over-year.
Considering only the month of April, GDP slid 0.1% over March and 0.3% year-over-year. In the 12 months through April, GDP was up 0.6%.
The 0.9% decline saw in the three months through April over the three months through January, was driven by declines in the three major productive sectors, with services down 0.2% on the back of transports (1.7%). Industry was down 1.3% influenced by mineral extraction (-7.2%). Farming slid 2%.
Translated by Guilherme Miranda
