Itaú BBA - Industrial production falls 0.2% in July

Macro Brazil

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Industrial production falls 0.2% in July

September 4, 2018

Output remains above pre-stoppages levels

 

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

Industrial production dropped 0.2% mom/sa in July but still beat the median of market expectations (-1.5%) and our estimate (-2.1%) and remains above pre-stoppages levels.

Production components more closely related to investments receded and are below what they were in the beginning of the year, reflecting tighter financial conditions.

Our preliminary estimate for industrial production in August is an advance of 0.2% mom/sa.
 


Artur Manoel Passos
Alexandre Gomes da Cunha

 

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



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