BRAZIL · ECONOMY
Key Facts
—The headline: The Brazil Q1 GDP growth came in at 1.1 percent quarter-on-quarter according to IBGE data released Friday, beating the 1.0 percent market consensus.
—The detail: Agriculture led with a 2.0 percent quarterly expansion, while industry grew 1.0 percent and services added 0.5 percent, with fixed-capital investment rising 3.5 percent on the demand side.
—The annual figure: Year-on-year growth reached 1.8 percent and the four-quarter cumulative rate stood at 2.0 percent, with total nominal output of 3.3 trillion reais in the quarter.
