In the fourth quarter of 2013, Brazilian GDP advanced 0.7 percent on a quarter-on-quarter seasonally adjusted basis, recovering from a 0.5 percent contraction in the previous period, boosted by the services sector.
On the production side, the services sector rose 0.7 percent on a quarter-on-quarter seasonally adjusted basis, mainly due to information services (4.8 percent). Finance and insurance advanced 2 percent, retail 0.8 percent, transport 0.4 percent and real estate 0.2 percent.
Agriculture showed no growth in the review quarter and industrial production dropped 0.2 percent. While manufacturing shrank by 0.9 percent, mining fell 0.1 percent and construction showed no growth. In contrast, electricity, water and gas supply rose 1.4 percent.
On the expenditure side, exports recorded the highest growth rate (4.1 percent), followed by government spending (0.8 percent) household consumption (0.7 percent) and investment (0.3 percent). Imports fell 0.1 percent.
Compared with the same quarter in 2012, the economy advanced 1.9 percent, better than market expectations, but lower than 2.2 percent in the previous quarter.
Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2014 1:14:10 PM