Itaú BBA - Industrial production climbs 0.8% in October

Macro Brazil

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Industrial production climbs 0.8% in October

diciembre 4, 2019

Manufacturing accelerates at the margin


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

 In October, industrial production expanded 1.0% from a year earlier, below market expectations (+1.4%) and in line with our call (+1.0%). On a seasonally-adjusted monthly basis, industrial output advanced 0.8% (market: +0.9%; Itaú: +0.7%).

 Manufacturing climbed 0.8% during the month, marking a third consecutive increase, while mining/extraction receded 1.1%.

 The data reinforce the view that economic activity growth is accelerating gradually.
 

Luka Barbosa
Matheus Felipe Fuck


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



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