Itaú BBA - Recovering industrial production

Macro Brazil

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Recovering industrial production

August 4, 2020

Widespread growth


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

 

 Industrial production climbed 8.9% mom/sa in June, beating market estimates (+7.9%) and our call (+8.0%). 

 Growth was widespread as 24 out of 26 industrial sectors posted gains during the month.

 Our preliminary estimate for 2Q20 GDP improved to -9.0% qoq/sa, from -9.2%, with 84% of economic activity releases for the period already published.


Luka Machado Barbosa
Matheus Felipe Fuck


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



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