You are here: Home > Steel News > Latest Steel News > Gross...

Gross domestic product increases in Brazil during the third quarter of 2022

Thursday, 01 December 2022 22:37:01 (GMT+3)   |   Sao Paulo
       

The gross domestic product (GDP) in Brazil increased during Q3 by 0.4 percent from the previous quarter, according to the Brazilian institute of geography and statistics (IBGE).

The growth in Q3 reflects services increasing by 1.1 percent, industrial activities increasing by 0.8 percent and agriculture declining by 0.9 percent.

Among industrial activities, civil construction increased by 1.1 percent, electricity and gas increased by 0.6 percent, the manufacturing industry increased by 0.1 percent and mining activities declined by 0.1 percent.

Regarding foreign trade, both exports and imports increased, by 3.6 percent and 5.8 percent, respectively.

On yearly basis, the Brazilian GDP increased in Q3 by 3.6 percent from the same quarter of 2021.


Similar articles

Small industries in Brazil face seasonal decline during the last quarter of 2022

30 Jan | Steel News

Brazilian industrial entrepreneurs’ confidence in the economy declines again in December

12 Dec | Steel News

Brazilian industrial indicators increase in July

02 Sep | Steel News

Brazilian GDP increases by 1.2 percent in Q2

01 Sep | Steel News

Brazilian industrial entrepreneurs show increased economic confidence

10 Aug | Steel News

Brazilian central bank increases forecast for GDP growth in 2022

29 Jun | Steel News

Brazilian steel industry to continue momentum, say analysts

21 Jun | Steel News

OECD says still room to grow Brazilian economy

11 Oct | Steel News

Brazil committed to economic reforms

11 Oct | Steel News

Moody's expects stable outlook for Brazilian steel industry in 2019

14 Dec | Steel News