Itaú BBA - Industrial production recedes 1.2% in November

Macro Brazil

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Industrial production recedes 1.2% in November

enero 9, 2020

Manufacturing recedes after three consecutive monthly increases


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

 

  In November, industrial production receded 1.2% on a monthly basis, weaker than market expectations and our forecast (both at -0.7%).  Year-over-year, industrial production declined 1.7%.

 Manufacturing receded 1.3% on a monthly basis, following three consecutive monthly increases. Mining/extraction dropped 1.7%, the third consecutive decline.

 The contraction of industrial production was widespread among sectors, indicating weakness of economic activity in the month.


 

Luka Machado Barbosa
Matheus Felipe Fuck


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



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