According to government statistics agency IBGE, the economy expanded 1.2% in the three months to June, above the 0.9% growth expected by economists polled by Reuters.
This was the fourth straight positive result by the indicator, placing economic activity 3% above the pre-pandemic level, and only below that achieved in the first quarter of 2014, said the IBGE.
The second quarter performance was mainly pushed by the 1.3% rise in services, as the sector, which has reacted strongly after the blow suffered by the pandemic, accounts for 70% of the economy.
At the same time, industry increased by 2.2% and agriculture expanded by 0.5%.
Activity grew 3.2% from the second quarter of 2021, beating a 2.8% forecast.
IBGE also revised first-quarter gross domestic product (GDP) performance to a 1.1% gain from a 1.0% rise that was previously reported.
Source: Economy - investing.com
