Itaú BBA - Industrial production slides 0.8% in January

Macro Brazil

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Industrial production slides 0.8% in January

March 13, 2019

The result reinforces the perception of weak economic growth in early 2019

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

 In January, industrial production fell 0.8% mom/sa, disappointing the median of market expectations and our estimate (-0.1%), and reinforcing the perception of weak economic growth in early 2019.

 Indicators tracking capital goods and construction material — which are more closely related to investments — declined sharply during the month.

 Our preliminary estimate for February is 1.4% growth in industrial production at the margin.


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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