GDP records a 0,6% drop in the second quarter
The value reached R$ 1,27 trillion, according to IBGE; over 12 months, with the data from the second quarter, there is an accumulated growth of 1,4%.
Vinícius Lisboa - Reporter for Agência Brasil
Brazil's Gross Domestic Product (GDP), the sum of all goods and services produced in the country, fell by 0,6% in the second quarter of 2014, compared to the first three months of the year. The value stood at R$ 1,27 trillion. The Brazilian Institute of Geography and Statistics (IBGE) released the indicator today (29), which had fallen 0,2% in the previous quarter.
Over the past 12 months, including the data from the second quarter, there has been a cumulative growth of 1,4%.
The best performance this quarter was recorded by the agricultural sector, which grew 0,2% compared to the last three months. The GDP of the industrial sector fell 1,5% and that of services, 0,5%, during the period.
When comparing the data released this Friday with the second quarter of last year, the drop reaches 0,9%, with agriculture showing no growth, industry declining by 3,4%, and services increasing by 0,2%.