{"id":51136,"date":"2015-05-29T14:15:00","date_gmt":"2015-05-29T16:15:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/brazilian-gdp-dropped-in-q1\/"},"modified":"2019-06-30T12:59:36","modified_gmt":"2019-06-30T15:59:36","slug":"brazilian-gdp-dropped-in-q1","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazilian-gdp-dropped-in-q1\/","title":{"rendered":"Brazilian GDP dropped in Q1"},"content":{"rendered":"

São Paulo – Brazil’s Gross Domestic Product (GDP) was down 0.2% in quarter one (Q1) this year over Q4 2014. The Brazilian Institute of Geography and Statistics (IBGE) reported this Friday (29th) contractions of 0.3% in industry production and 0.7% in services. Of the three sectors of economy, the only one that grew was agriculture, up 4.7% in Q1 2015 from Q4 2014. <\/p>\n

Trade and industry had the poorest results. In industry, mineral extraction was down 3.3% and civil construction dropped by 1.1%. Electricity, water, gas, sewage and urban cleaning services were down 4.3%, and processing industry activity dropped 1.6%. According to IBGE National Accounts coordinator Rebeca Palis, these factors weighed down on GDP the most. <\/p>\n

Services, transportation, storage and postal services had a 2.1% decline; administration, healthcare and public education were down1.4%; financial intermediation and insurance were down 0.8% and trade was down 0.4%. Real estate activity increased 1.2% and information services were up 1.1%. <\/p>\n

There was also a slowdown on the spending front. Family consumption was down 1.5%; government consumption was down 1.3% and gross fixed capital formation, which gauges corporate investment in machinery and equipment purchases and expansion, was down 1.3%.<\/p>\n

GDP declined even further in Q1 from Q1 2014, at -1.6%. In the 12-month period through March, the Brazilian economy shrank by 0.9%. Overall, Brazil’s GDP reached R$ 1.408 trillion in Q1 this year.<\/p>\n

*Translated by Gabriel Pomerancblum<\/strong><\/p>\n

Neide Furukawa\/Embrapa<\/div>\n","protected":false},"excerpt":{"rendered":"

In the first three months of this year, the Gross Domestic Product was down 0.2% from Q4 2014. Year-on-year in Q1, there was a 1.6% decline. Agribusiness performance improved.<\/p>\n","protected":false},"author":2316,"featured_media":178827,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-51136","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"In the first three months of this year, the Gross Domestic Product was down 0.2% from Q4 2014. Year-on-year in Q1, there was a 1.6% decline. Agribusiness performance improved.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=51136"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/178827"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=51136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=51136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=51136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}