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Brazil's economy grows 0.6% in Q3, faster than expected

Credit: REUTERS/NACHO DOCE

Brazil's economy expanded by 0.6% in the third quarter of this year from the prior quarter, statistics agency IBGE said on Tuesday, more than the 0.4% forecast in a Reuters poll of economists and the highest since the first quarter of last year.

BRASILIA, Dec 3 (Reuters) - Brazil's economy expanded by 0.6% in the third quarter of this year from the prior quarter, statistics agency IBGE said on Tuesday, more than the 0.4% forecast in a Reuters poll of economists and the highest since the first quarter of last year.

The 0.6% growth in Brazil's gross domestic product (GDP) took the rate of year-on-year growth up to 1.2%, also stronger than the 1.0% expansion forecast by economists.

(Reporting by Jamie McGeever; Editing by Alison Williams)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))

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