Clipping of news on Brazilian Culture, Law and Citizenship
08.28.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Household consumption in the domestic product in the second quarter Gross (April, May and June) 2015 was the biggest drop since 1997 over the same period last year. The Brazilian Institute of Geography and Statistics (IBGE) released today (28) the figures, which show a decrease of 2.7% compared to 2014.
In the series started in 1996, the performance shown in the last quarter just is not worse than the fourth quarter 1997.
In assessing the IBGE influenced this outcome factors such as inflation and credit growth below it, and worst levels of employment and income in comparison with last year.
"This situation has meant that household consumption fell, especially in the durable goods", examined the coordinator of the IBGE national accounts, Rebeca de La Rocque Palis.
The fall in domestic demand was also reflected in imports, as well as the exchange rate, which had depreciated by 38% between the second quarter of the previous year and the months of April, May and June this year. Imports fell 11.7% yoy, while exports rose 7.5%.
The fall in imports was mainly in automotive vehicles, in electronics, in machinery and equipment and the travel and transport. On the other hand, exports grew with the performance in the oil and coal, steel, metals and motor vehicles.
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.