Itaú BBA - Broad-based decline in industrial production

Macro Brazil

< Back

Broad-based decline in industrial production

May 3, 2019

Result reinforces weakening trend in the industrial sector

For the version with all charts and tables, please open the attached pdf file.
 

 Industrial production fell 1.3% mom/sa in March, disappointing the median of market expectations (-0.6%) and our estimate (-0.7%). The quarterly moving average went down 0.5%.

 Drops were widespread, as only 9 out of 26 economic activities increased.

 Our preliminary estimate for industrial production in April is a 0.5% drop at the margin. Our forecast for 1Q19 GDP is a decline of 0.2% qoq/sa.
 

Luka Barbosa
Alexandre Gomes da Cunha

 

For the version with all charts and tables, please open the attached pdf file



< Back