Financial News: Brazil's Economic Growth Eases In Q3

Brazil's Economic Growth Eases In Q3

12/03/2024 - 07:32:00 (RTTNews)

(RTTNews) - The Brazilian economy expanded at a slightly slower pace in the third quarter, according to figures released on Tuesday by the Brazilian Institute of Geography and Statistics, or IBGE.

Gross domestic product advanced 0.9 percent sequentially in the September quarter, slower than the 1.4 percent growth in the June quarter. Economists had expected an expansion of 0.8 percent.

On the production side, the best contribution came from the service sector, which grew 0.9 percent. This was followed by industry with a 0.6 percent growth. Meanwhile, the agriculture sector contracted by 0.9 percent.

The expenditure breakdown showed that household consumption grew 5.5 percent, and government consumption increased by 1.3 percent. Gross fixed capital formation surged 10.8 percent, driven by the increase in the import of capital goods.

Both exports and imports rose by 2.1 percent and 17.7 percent, respectively.

On a yearly basis, GDP growth accelerated to 4.0 percent from 3.3 percent in the second quarter. The expected growth was also 4.0 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Russia Services Activity Expands Most In 10 Months (02 min(s), 07 sec(s) ago)
(RTTNews) - The Russian service sector's growth quickened in November amid a faster rise in ne ...Full Story»

Bank Of Korea Vows To Take Measures To Stabilize Markets (33 min(s), 07 sec(s) ago)
(RTTNews) - The Bank of Korea decided to closely monitor the financial and foreign exchange market ...Full Story»

India Services Growth Remains Strong In November (52 min(s), 07 sec(s) ago)
(RTTNews) - India's services activity continued to expand strongly in November amid record job ...Full Story»

European Economic News Preview: Eurozone Final Composite PMI Due (02 hr(s), 46 min(s), 07 sec(s) ago)
(RTTNews) - Final composite and services Purchasing Managers' survey results from the euro are ...Full Story»

China Services Sector Slows In November - Caixin (44 min(s), 53 sec(s) ago)
(RTTNews) - The services sector in China continued to expand in November, albeit at a slower pace, ...Full Story»

Singapore Private Sector PMI Eases To 53.9 In November - S&P Global (41 min(s), 53 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to expand in November, albeit at a slower pa ...Full Story»

Hong Kong Private Sector Ebbs In November (39 min(s), 53 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to expand in November, albeit at a slower pa ...Full Story»

Japan Service Sector Swings To Expansion In November - Jibun (36 min(s), 53 sec(s) ago)
(RTTNews) - The services sector in Japan moved back into expansion territory in November, the late ...Full Story»