Itaú BBA - Monthly GDP drops 0.8% mom/sa in December

Macro Brazil

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Monthly GDP drops 0.8% mom/sa in December

febrero 14, 2020

Widespread weakness


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

 In December, the Itaú Unibanco monthly GDP (PM-Itaú) receded 0.8% mom/sa while advancing 0.7% yoy.

 In 4Q19, PM-Itaú climbed 0.4% vs. the previous quarter so that the indicator went up 1.0% in 2019. Our forecast for 4Q19 GDP growth is 0.5% qoq/sa.

 Out of 13 monthly GDP components, three expanded on a seasonally-adjusted monthly basis.
 

Luka Barbosa
Matheus Felipe Fuck


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



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