São Paulo – With just 0.1% growth over September, economic activity disclosed on Friday (22), by consultancy company Serasa Experian, was practically stable over the previous month, when the growth had reached 0.3%. In comparison with September 2012, in turn, the growth was 2.5%, the same percentage accumulated this year.
The result for the third quarter, which corresponds to the months of July, August and September, is for retraction of 0.2% over the second quarter. However, over the same period last year, there was expansion of 2.1%.
In the matter of added revenues, the service sector had expansion of 0.3%, and contributed to a small expansion in economic activity. Industrial activity, in turn, and the agricultural sector, suffered drops of 0.3% and 1.3%, respectively.
The added demand recorded positive contributions for economic activity originating from the government (0.8%), investment (0.7%) and the foreign sector, with expansion of 1% over exports. However, there was a drop of 0.5% in imports. Family consumption also fell (0.1%), which, according to a press statement disclosed by the organisation, partially neutralised the positive contributions.
According to the Serasa economist, the performance was weak in September due to higher interest rates, and also due to the transfer of the agricultural crop, concentrated in the first half of this year, which caused positive impacts on the economy.
*Translated by Mark Ament
