Itaú BBA - Monthly GDP drops 0.3% mom/sa in November

Macro Brazil

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Monthly GDP drops 0.3% mom/sa in November

enero 16, 2020

Widespread declines in components


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

 In November, the Itaú Unibanco monthly GDP (PM-Itaú) dropped 0.3% mom/sa after four consecutive monthly gains. On a year-over-year basis, the indicator advanced 0.9%.

 From the demand standpoint, household spending increased 0.1% while investment receded 1.4% mom/sa.

 The expansion in economic activity in 4Q19 will probably be concentrated on consumer spending as investment retreats.
 

Luka Machado Barbosa
Matheus Felipe Fuck


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



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