The Gross Domestic Product (GDP) at market prices fell by 1.2% in the third quarter of 2005, in relation to the second quarter of this year, in the seasonally adjusted series. In relation to the third quarter of 2004, the growth was 1.0%.

The Gross Domestic Product (GDP) at market prices fell by 1.2% in the third quarter of 2005, in relation to the second quarter of this year, in the seasonally adjusted series. In relation to the third quarter of 2004, the growth was 1.0%. The accumulated index in the year increased by 2.6% in relation to the same period of 2004. In the accumulated indicator in four quarters, the rate remained in 3.1% when compared to the four immediately previous quarters.

The result of the third quarter of 2005 (in the seasonally adjusted series), in relation to the second quarter of this year, was influenced, mainly, by Agriculture and Industry that fell by 3.4% and 1.2%, respectively. The sector of Services continued stable (rate of 0.0%).

In relation to the components of demand, stands out the fall by 0.9% of Gross Fixed Capital Formation in the third quarter of this year, after the increase of 4.7% in the second quarter of 2005. Government Consumption also had a negative result of –0.4% and Imports of Goods and Services registered, for the eight consecutive quarter, an increase of 1.4%. Family Consumption changed positively by 0.8% and Exports of Goods and Services continued on the same growing trend, initiated in the second quarter of 2003, with a result of 1.8%.

In relation to the same quarter of the previous year, GDP increased by 1.0%

GDP at market prices increased by 1.0% in the third quarter of 2005, in relation to the same period of 2004. The Value Added at basic prices increased by 0.8% and Taxes on Products increased by 2.8%.

Two sectors contributed to the generation of Value Added with positive rates in the comparison with the same quarter of 2004: Services with a positive rate of 1.5% and Industry with change of 0.4%. On the other hand, Agriculture fell by 1.9%.

The rate of Agriculture resulted from the decrease of some important products of the harvest 2005, according to the Systematic Survey of Agriculture Production (LSPA-IBGE) of September. It is the case for example of wheat (-11.0%), coffee (-11.8%) and orange (-2.6%).

In the industrial activity, stood out Mining and Quarrying with increase of 10.3%, followed by the positive behavior of Public Utilities with 3.3%. The other sub sectors that form Industry had a negative result in this comparison. Construction fell by 1.9% and Manufacturing Industry fell by 0.9%, the lowest rate since the first quarter of 2002, when it reached –1.6%.

The sector of Services had the best performance in the third quarter of 2005, in the comparison with the same period of 2004, with positive rates in all the subsectors. The main highlights were Transportation (3.2%) and Trade (wholesale and retail) (2.3%). The other subsectors had the following performances: Rents (2.1%), Financial Institutions (1.5%), Public Administration (1.2%), Other Services (0.8%) and Communication (0.8%).

Among the components of demand, Gross Fixed Capital Formation, after six quarters with positive results, fell by 2.1%, negatively affected by the high base of comparison of the third quarter of 2004, when there was growth of 19.3%. In this comparison, Family Consumption reached a positive rate of 2.8%, the eight growth in a row. Regarding Government Consumption, it increased 1.3% in the third quarter of 2005 in the comparison with the same period of 2004.

Considering foreign demand, Exports of Goods and Services continued growing, registering a rate of 12.3% in the period. Imports of Goods and Services increased also in this comparison by 9.4%. It may be observed that this is the eighth consecutive quarter of growth in Exports as well as in Imports of Goods and Services.

Accumulated GDP in the last four quarters increased by 3.1%

The GDP at market prices accumulated in the four quarters ended in the third quarter of 2005, increase of 3.1% in relation to the immediately previously four quarters.

The result of Value Added in this type of comparison occurred due to the behavior of the three sectors that form it: Industry (3.7%), Services (2.5%) and Agriculture (1.8%).

Regarding demand, Family Consumption increased by 3.5%, Government Consumption by 1.6%, and Gross Fixed Capital Formation by 3.2%. Considering the foreign sector, Exports of Goods and Services increased by 13,7%, while Imports of Goods and Services by 11.7%, in this type of comparison.

GDP accumulated during the year increased by 2.6%

GDP at market prices, from January to September, increased by 2.6%, in relation to the same period of 2004. In the same base of comparison, the sectors of Industry and Agriculture increased by 2.9% and 1.5%, respectively, and the sector of Services by 2.1%.

In the analysis of demand, considering the comparison of the accumulated index of the year with the same period of 2004, Family Consumption increased by 3.1%, Government Consumption by 1.8% and Gross Fixed Capital Formation by 1.2%. Regarding the foreign sector, the components Exports of Goods and Services and Imports of Goods and Services had positive rates of 12.9% and 11.4%, respectively.