LatinNews Daily - 01 June 2026

*Brazil’s national statistics institute (Ibge) has released its latest GDP figures, showing that GDP was up 1.1% compared to the previous quarter and up 1.8% compared to Q1 2025. Meanwhile, the annual growth rate registered for the four quarters through Q1 2026 stood at 2.0%. The nominal value of goods produced and services provided in the first quarter of 2026 totalled R$3.3tn (US$650bn). Quarterly growth in Q1 this year was mainly driven by the agricultural sector, which grew by 2.0% compared to Q4 2025. The industrial sector grew by 1.0% in quarterly terms, while services posted a quarterly growth rate of only 0.5%. Year-on-year, the agricultural sector was up 0.7% on Q1 2025, while the industrial sector grew by 1.6% and services by 2.1%. Brazil’s accumulated annual growth figures showed that agriculture was up 7.5% in the four quarters through Q1 this year, while industry grew by 1.3% and services grew by 1.8%.

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