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September 30, 2011
Brazil’s second quarter GDP saw a return to the long-term trend toward services and away from industry, after an anomaly in the first quarter. In the first quarter, manufacturing began to close the gap with finance and insurance, but the gap widened again in the second quarter, with finance and insurance growing at a 2.3 percent annual rate, and manufacturing shrinking at a 0.8 percent annual rate.
For more, check out the latest Latin America Data Byte.