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GDP Is Stable in the Quarter Ended in February

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Gross Domestic Product (GDP), which is the sum of all goods and services produced in the country, remained stable in the quarter ended in February compared to the quarter closed in November last year.

The data is from the GDP Monitor, released today (17), in Rio de Janeiro, by the Getulio Vargas Foundation (FGV).

In comparison with the quarter ended in February 2018, however, GDP grew by 1%, according to the FGV. In the accumulated 12-month period, the increase is 1.1%.

Considering only February, there was a fall of 0.4% in comparison with January and a high of 2.3% in comparison with February of last year.

In the comparison of the quarter closed in February with the quarter ended in November, services grew by 0.3% and agriculture and livestock by 0.7%. But the 0.7% drop in the industry, driven mainly by the 4% retreat of the mineral extractive industry, has made the economy stable in the period.

On the demand side, household consumption grew by 0.4%, government consumption remained stable and gross fixed capital formation, ie investments fell by 2.3%.