Official figures indicate that the annual rate of growth in Brazilian gross domestic product was 1.4 percent in the third quarter of this year, largely because of a rise in capital spending, Reuters reports.
The news agency, citing data given by the Brazilian statistics agency, says the economy was 0.1 percent bigger in the third quarter than in the second, the sequential growth rate slowing from 0.7 percent growth in the second quarter.
The report says low interest rates meant investment in new machinery, facilities and inventory was 1.6 percent greater in the third quarter than in the second.
Consumer spending was 1.2 percent greater.
Economists polled by Reuters forecast that the Brazilian economy will expand by 0.7 percent this year and 2.3 percent next year.
