Itaú BBA - Industrial production goes back to normal in June

Macro Brazil

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Industrial production goes back to normal in June

agosto 2, 2018

Industrial production soared 13.1% mom/sa

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

Industrial production climbed 13.1% mom/sa in June, printing below the median of market expectations (14.0%) and close to our estimate (12.7%). Compared to June 2017, the indicator was up by 3.5%.

The strong gain in June conveys normalization in industrial output, which had plummeted in May due to the truckers’ stoppages.

Our preliminary estimate for industrial production in July is a decline of 1.5%.
 

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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