WS Investor
01 Sep 2026, 13:59
Brazil GDP Beats Forecasts in Q2 but Growth Slows From Strong First Quarter
Brazil’s economy expanded more than expected in the second quarter, although growth slowed substantially from the beginning of the year as high interest rates continued to restrain domestic activity.
GDP grew 0.5% quarter over quarter in Q2, beating expectations for a 0.4% increase but slowing from 1.1% growth in the first quarter. On an annual basis, the economy expanded 2.0%, also above the 1.8% forecast.
Agriculture was the strongest contributor, expanding 2.8% from the previous quarter, supported by strong soybean and coffee harvests. Services grew just 0.2%, while industrial activity edged up 0.1%.
Brazil’s economy expanded more than expected in the second quarter, although growth slowed substantially from the beginning of the year as high interest rates continued to restrain domestic activity.
GDP grew 0.5% quarter over quarter in Q2, beating expectations for a 0.4% increase but slowing from 1.1% growth in the first quarter. On an annual basis, the economy expanded 2.0%, also above the 1.8% forecast.
Agriculture was the strongest contributor, expanding 2.8% from the previous quarter, supported by strong soybean and coffee harvests. Services grew just 0.2%, while industrial activity edged up 0.1%.
