0.3% points for FGV monitor GDP in January compared to December | The economy

According to the GDP Monitor, Brazilian Gross Domestic Product (GDP) has increased by 0.3% in January, and the GDP Monitor, the Brazilian Institute of Economics of the Gateleo Vargas Foundation (IBR/FGV). Compared to January 2024, there is an increase of 2.5% in January 2025. The rate collected in 12 months until January is 3.2%.

According to FGV, even though economic activity is maintaining positive results, the widespread process of slowdown is already underway. Progress in GDP in January was due to the increase in agriculture and services.

“In January compared to the growth of 0.3% in the economy in January, the strong growth of agriculture and the elasticity of the service sector, in which only withdrawal was recorded in trade. Instead, four types of industries were analyzed (although the management and construction of electricity and waste was increasing, despite the increase in the construction and construction of the gross PIB Monitor – FGV Coordinator Juliana Tracy said in an official note.

The researcher adds, “The slowdown of the economy is obvious, although the results are usually positive” compared to the same period in the previous year.

“This image of the economy is reinforced by the previous editions of the GDP-FGV monitor, despite the positive results of the economy, with the spread of slowdown, increasing the external uncertainty with high internal interest rates throughout the year, the signal in the economic wheel, the signal and the investment in the economy. Can cause it, ”said Tracey.

The GDP monitor ates the GDP monitor the trend of the same data resources and procedure from the Brazilian Institute of Geography and Statistics (IBGE), which is responsible for the official computation of national accounts.

GDP increased by 2.6%compared to the quarter until January 2024 in the quarter ended in January 2025. From the angle of demand, the consumption of families increased by 2.6%.

“Despite the growth, consumption has already shown that the slowdown has already begun at the end of last year. The low growth recorded in durable, irregular and service consumer goods describes this slowdown,” FGV said.

Gross fixed capital construction increased by 8.8% in the quarter until January.

“Gross fixed capital structure (FBCF) continues to grow stronger, although it is a declining trend from the third quarter of last year. The structure is spreading, but the structure reduces the cooperation of the intra -quarterly fee in January, compared to the third quarter of 2024.

Export of goods and services recorded a 2.5% decrease in the quarter until January, which affected the negative performance of agricultural products and mineral extract compared to the same period previous year. Import of goods and services during this period increased by 12.0%.

“After the growth of 19.0% in the mobile quarter ended in November, imports were slowing down. Although this weakness was not specifically explained for the performance of the intermediate goods imports, this is the main responsibility for this evolution. 12.0%,” FGV explained.

In terms of monetary, GDP in current values ​​reached R $ 1.052 trillion in January. The investment rate of the economy is 19.4%in January.