Itaú BBA - Monthly GDP declines in September

Macro Brazil

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Monthly GDP declines in September

noviembre 14, 2018

Consumption declined in September, but investment expanded


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

In September, Itaú Unibanco’s monthly GDP (PM-Itaú) fell 1.2% mom/sa, while advancing 1.0% yoy.

From a demand standpoint, investment  expanded 1.2% during the month, but household spending retreated 0.9%.

For October, we expect, for the time being, PM-Itaú to increase 0.9% mom/sa.

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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