São Paulo State’s GDP Rises One Percent from September to October, Says SEADE

With the October results, the average São Paulo GDP growth projection for 2019 was revised from 2.1 to 2.6 percent.

SÃO PAULO, BRAZIL - São Paulo's economy is moving fast towards detaching itself from the national Gross Domestic Product (GDP).

From September to October alone, São Paulo State's GDP grew one percent in a comparison free of seasonal effects, according to data from the SEADE Foundation, which also recorded a 5.2 percent increase over October last year.

São Paulo's GDP growth in October was determined by a three percent increase in industrial activity and a 0.8 percent rise in services.

It could have been higher had the agricultural sector, strong in the . . .

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