Brazil agricultural GDP falls in third quarter; Q to Q comparison

The third quarter was not good for Brazilian agriculture, but the accumulated activity shows a growth in 2016. That is what official data revealed yesterday (12.04).

The Brazilian National Institute of Geography and Statistics (IBGE) data says that from July to September there was a 3% retraction of Brazilian agricultural gross domestic product compared to the previous three months. However, if the values are compared to the third quarter of 2016, there was a growth of 9.1%. The Brazilian farm GDP accounted R$ 70.3 billion in the period.

The accumulated value of Brazilian farm products in the first nine months of 2017 was 14.6% higher than the same period of the previous year.

Leave a Reply

Your email address will not be published. Required fields are marked *