Itaú BBA - Itaú Activity Surprise Index - Brazil drives negative surprise in LatAm

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Itaú Activity Surprise Index - Brazil drives negative surprise in LatAm

June 6, 2018

Brazil’s component weakened once again

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

Our Itaú Activity Surprise Index declined slightly to -0.28 in May (from -0.26 in April). Brazil’s component weakened once again to -0.58, due to lower-than-expected prints for industrial production and year-over-year GDP growth, dragging the entire LatAm index down. Chile’s component improved in May – though remained negative - with lower-than-expected retail sales. Colombia, Mexico and Peru components all posted positive surprise.

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



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