Itaú BBA - Itaú Unibanco monthly GDP falls 1.2% in May

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Itaú Unibanco monthly GDP falls 1.2% in May

July 13, 2018

Truckers’ protest was behind the weak reading

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

Itaú Unibanco’s monthly GDP (PM-Itaú) dropped 1.2% mom/sa in May. On a quarterly basis, our indicator was stable vs. the quarter ended in February.

Compared to May 2017, the indicator declined 0.8%, as the truckers’ stoppages impacted manufacturing and service segments in the final two weeks of the month.

For June, based on already released coincident indicators, we forecast, for the time being, a 2.2% increase in PM-Itaú.

 

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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