Brazil’s gross domestic product rose by 0.1% in the third quarter of 2017 against the previous quarter and by 1.4% against the third quarter of 2016, the Brazilian Census Bureau (IBGE) said Friday. It marked the third quarter in a row of quarter-on-quarter growth, signaling an end to a long Brazilian recession, the IBGE said. Perhaps most important of all, third quarter growth was led by a significant rise in investments, which increased 1.6% over the second quarter, the first quarter-on-quarter rise following fifteen straight quarters or zero or negative growth for investments. Rising investments signal increasing confidence among businesses about consumer demand in the years ahead. Services saw 0.6% growth in the third quarter over the previous quarter, while industry was up 0.8% but agriculture declined 3.0%, due mainly to a high basis of comparison against the second quarter.
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