Thanks to Mining Industry Leads Brazilian Growth

    Industry was the Brazilian sector that grew the most between January and June of this year. A study released Wednesday, August 31, by the Brazilian Institute of Geography and Statistics (IBGE) shows that.

    According to the Institute, Brazil’s industry sector grew 4.4%, compared with the second half of last year. This result was superior to the rates of growth in agribusiness, 2.9%, and the service sector, 2.4%.


    In other IBGE studies, agriculture was the sector that contributed most to the expansion of the Gross Domestic Product (GDP), the sum of wealth produced by the country.


    Between April and June, however, industry was in the forefront, growing 3%. Agriculture grew 1.1%, behind the service sector, which expanded 1.2%.


    Cláudia Dioní­sio, an economist in the IBGE’s National Accounts Section, informs that the performance of the industrial sector was especially favored by the 17.5% growth in mineral extraction.


    According to the economist, this increase was led by coal mining, for use in domestic industry and for export, and by the start of operations in two Petrobras platforms.


    The result was also bolstered by the growth of Public Service Industries, such as electricity, water, and sewage.


    “When industry is growing, these services grow, too, because industry increases its demand, and more electricity is produced,” she explained.


    She also observed that the subsectors of Manufacturing (4.1%) and Construction (3.7%) contributed to the positive performance of the industrial sector.


    Agência Brasil

    Tags:

    • Show Comments (0)

    Your email address will not be published.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

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil Condemns Religious Thought That Prevents AIDS Treatment

    Representatives of 19 Latin American countries gathered in Brazil since Thursday, January 12, began ...

    Soy in Brazil

    Brazil Shows It Can Be World’s Granary Without Cutting the Amazon

    In Brazil, grain crushers have extended a two-year-old moratorium on the purchase of soybeans ...

    Oil rig offshore in Brazil

    US Ready to Lend Brazil US$ 10 Billion for Oil Exploration

    Brazil's Planning Minister Paulo Bernardo da Silva revealed that the United States is prepared ...

    Unasur

    Venezuelan Proposal to Limit Freedom of Press in South America Alarms Brazil

    To the already charged agenda of South America's Unasur summit, which opens this Monday ...

    Brazilian Industry Grows 8.8% This Year

    Industrial production in Brazil ended the month of August up 1.1%, compared with July. ...

    Arab Ambassadors in Minas, Brazil, Looking for Business

    The Arab Ambassadors Council will be arriving in the capital of Minas Gerais, a ...

    Petrobras's platform 33

    Petrobras Ordered to Shut Down Platform Despite Claims There’s No Safety Problem

    Petrobras, Brazil’s government controlled oil and gas multinational, admitted Monday that minor conservation problems ...

    Down for the Count

    Ciro Gomes has still not made a sincere apology for his asinine remark that ...

    Brazilian cattle

    Brazil Agroindustry Growing at Fast Pace of 4.6%

    In the first half of this year, the Brazilian agroindustry grew by 4.6%, compared ...

    Most Kids in Brazil’s Shelters Are Not Orphans. 87% Have Family.

    What is referred to as structural violence is the main reason that Brazilian children ...