Brazil GDP Growth Rate QoQ
Brazil has the tenth largest economy in the world and the largest economy in South America. The services sector, which represents 63% of total GDP, is the most significant sector in the economy. Services are divided into several categories, the most important of which are government, defense, education, and health (15 % of total GDP), other services 15%, wholesale and retail trade 11%, real estate 8%, and financial services 7%. Furthermore, industry accounts for 18% of GDP, with manufacturing 11% and construction 4% accounting for the majority of that contribution. The agriculture and livestock sector accounts for 5% of the country's gross domestic product (GDP). Among the expenditure components of GDP, household consumption ranks first, accounting for 63% of total usage. Government expenditure ranks second and represents 20%, and gross fixed capital formation ranks third, accounts for 16%. Foreign trade in both commodities and services accounts for 13% of GDP, whereas imports account for 12% while contributing 1 percent to total GDP.
A higher than expected figure should be seen as positive (bullish) for the BRL while a lower than expected figure should be seen as negative (bearish) for the BRL.
News (BRL)
Brazil Manufacturing Downturn Eases In January
Brazil's factory activity continued to deteriorate at the start of the year, though the pace of decline softened since December amid slower reductions in output and new orders, survey data from S&P Global showed on Wednesday. Elsewhere, official data showed that producer price inflation slowed further in December.
RTTNews | 460 days ago
