IBGE: extractive sector grows with high oil production

Due to the growth in oil and gas production in Brazil, the country's extractive sector rose 4.8% in the first quarter of this year compared to the same period last year." The sector

is growing higher than the rest of the economy, pulled by oil and gas extraction," explained Rebeca Palis, IBGE's National Accounts Coordinator, commenting on gdp performance in the period. Of the components o

f the general industry, the worst result in the first quarter, compared to the same period last year, came from the electricity sector, with a drop of 1.8%. The construction sector fell 1% and the manufacturing industry 0.8%.


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