São Paulo State GDP grew 9.4% in third quarter

The GDP of the state of São Paulo grew 9.4% in the third quarter, compared to the second, when it fell 6.8%, as a result of seasonal adjustment, reported Fundação Seade. Over the same period last year, there was growth of 1.6%. In 12 months, there was a drop of 0.7 percent. Seade estimates that São Paulo’s GDP should close the year with a contraction of only 0.6%.

Source: Valor Investe