Itaú BBA - $3.7 billion trade surplus in February

Macro Brazil

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$3.7 billion trade surplus in February

marzo 1, 2019

The trade surplus reached a $ 3.7 surplus in February and the trade surplus remains at a high level.

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

• The trade surplus in February reached $3.7 billion, somewhat below our forecast ($4.1 billion) but above market consensus ($3.0 billion). Exports as well as imports declined during the month. The surplus over 12 months remained at $58 billion, while the seasonally-adjusted annualized quarterly moving average slid to $71 billion from $72 billion in January.
 

Thales Caramella
 

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



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