Rio de Janeiro – Brazil’s Gross Domestic Product (GDP), the sum of all goods and services produced in the country, had shrunk 4.1% in the 12 months ended February this year. So says the GDP Monitor issued this Friday (15th) by think tank Fundação Getulio Vargas (FGV). In February alone, the GDP slid 1.79% compared to January and 3.7% relative to February 2015.
In 12 months, activity slowed down in seven of the 12 productive sectors tracked, especially the processing industry (-10%), trade (-9.3%) and construction (-7.1%). Five activities showed improvement: agriculture (1.2%), the mineral extraction industry (1,7%), electricity (0.3%), financial intermediation services (0.2%) and real estate services (0.4%).
*Translated by Gabriel Pomerancblum
