Itaú BBA - Itaú Daily Activity Index - Brazil

Macro Brazil

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Itaú Daily Activity Index - Brazil

agosto 13, 2020

The index increased at the margin

• Our Daily Activity Tracker increased by 7.4 p.p., to 88.9 (latest available data from Monday, August 10th). The 7-day moving average also increased, by 0.9 p.p., to 89.3.

• The indicator is up 60% from the bottom seen on March 28th, and is now 12% below the mid-March level, when the series started.

The Daily Activity Trackerhas a significantly smaller coverage than the Itaú Unibanco Monthly GDP, which includes many other variables and is released on a monthly basis. In our estimate, the magnitude of changes in GDP is substantially smaller than that of the Daily Activity Indicator.



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