Itaú BBA - Monthly GDP retreats in December

Macro Brazil

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Monthly GDP retreats in December

February 14, 2019

Losses in 9 out of 13 monthly GDP components

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

• In December, Itaú Unibanco monthly GDP (PM-Itaú) declined 0.7% mom/sa while expanding 0.9% yoy.

• From a demand standpoint, household spending as well as fixed capital investments retreated in December (-0.7% and -1.5%, respectively).

• For January, we forecast, for the time being, growth of 0.4% mom/sa 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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