Itaú BBA - Itaú Unibanco monthly GDP expands 0.6% in April

Macro Brazil

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Itaú Unibanco monthly GDP expands 0.6% in April

junio 15, 2018

Result was boosted by a higher number of working days

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

 

Itaú Unibanco’s monthly GDP (PM-Itaú) [1] rose 0.6% mom/sa in April. In the quarter ended in April, our indicator expanded 0.8% qoq/sa vs. the quarter ended in January.

Compared to April 2017, the indicator grew 4.3%, a strong reading because April 2018 had an unusually-high number of working days.

For May, based on already released coincident indicators, we forecast, for the time being, a 2.1% drop in PM-Itaú, already incorporating the impact of cargo transportation stoppages.

 

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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