Itaú BBA - Industrial production weaker than expectations

Macro Brazil

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Industrial production weaker than expectations

noviembre 1, 2019

The item "printing and copies" stood out by falling 28.6% mom/sa.


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

  Industrial production expanded 0.3% mom/sa in September, below market expectations (+0.9%) and our forecast (+1.2%).

 Mining/extraction and manufacturing were slower than we anticipated. In the latter, the item "printing and copies" stood out by falling 28.6% mom/sa.

 Our preliminary forecast for 3Q19 GDP was revised to +0.4% qoq/sa (from +0.5% previously).
 

Luka Machado Barbosa 
Alexandre Gomes da Cunha 
Matheus Felipe Fuck


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



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