Brasil Taxa de Crescimento do PIB

The Brazilian economy grew by 0.2% quarter-on-quarter in the final three months of 2024, following a downwardly revised 0.7% expansion in the previous quarter and falling short of market expectations of 0.5%. Industrial output rose by 0.3% (vs 1.0% in Q3), driven by gains in construction (2.5%), manufacturing (0.8%), and mining (0.7%), while services saw a modest increase of 0.1% (vs 0.7% in Q3), with transportation, storage (0.4%), and trade (0.3%) contributing the most. On the demand side, increases in fixed investment (0.4% vs 2.3%) and government spending (0.6% vs 0.8%) helped offset a sharp decline in household consumption (-1.0% vs 1.3%). Net trade provided a negative contribution to GDP, with exports dropping by 1.3% and imports falling by 0.1%.