Brazil Industry and Services Shrink in First Quarter

Brazil’s Gross Domestic Product (GDP) – the sum of all goods and services produced in the country – rose 0.3% in the first quarter of 2005, in comparison with the last quarter of 2004.

This was the smallest increase since the second quarter of 2003, when the economy grew 0.1%, according to information released today by the Brazilian Institute of Geography and Statistics (IBGE). In relation to the first quarter of 2004, growth amounted to 2.9%.


The IBGE data show that between January and March of this year agriculture was the only sector that registered growth (2.6%) when compared with the same period last year. Industry fell 1%, and services, 0.2%.


Exports continued the trend that began in the second quarter of 2003 and grew 3.5% in the first quarter of this year. Imports, which increased for the sixth consecutive quarter, were up 2.3%.


Investments in the country fell 3.0% in the first quarter of the year, compared with the last quarter of 2004. Based on the same comparison, family consumption was down 0.6%, and government expenditures fell 0.1%.


Agência Brasil

Tags:

Ads

You May Also Like

The Case of Brazil’s Supreme Against PT Leaders Behind Mensalão to Start October 1st

On Wednesday, September 12,, the justice-rapporteur in Penal Case 470, known as the mensalão, ...

Brazil’s TAM Airlines Reelects Two Women as Chairman of the Board and Chairman

TAM S.A., Brazil’s largest airline company, reelected the members of its Board of Directors ...

Doing business in Brazil

Fine Points on How to Buy, Invest in or Join a Brazilian Firm

My previous articles about doing business in Brazil focused on organizing a new company ...

Landless’s Invasions Hinder Reforms, Says Brazil’s Minister

Brazil’s Minister of Agrarian Development, Miguel Rossetto, criticized the invasions organized by the Landless ...

The Girl from Ipanema

Brazil: In Search of a New Girl from Ipanema

“The Girl from Ipanema” is the most famous Brazilian song in the world. It ...

Brazil Calls for Total Ban on Nuclear Weapons

“As long as you do not have complete disarmament, which is what Brazil favors, ...

Brazil-Emirates Direct: Brazilians Get Fast Access to Arab World

The direct flight that Emirates Airline, of the United Arab Emirates, will inaugurate in ...

Brazil and Argentina Try to Smooth Bilateral Trade Edges

Brazil and Argentina gathered in Buenos Aires spent two days in high level negotiations, ...

Brazil and Argentina Build AIDS Drug Factory in 2006

Latin America and Caribbean nations have agreed, in Brazil, to act together to increase ...

Brazil Once Again Breaks Record as Recipient of Foreign Investment

Among the main objectives of the conference that the World Association of Investment Promotion ...