Itaú BBA - Monthly GDP expands 2.8% mom/sa in May

Macro Brazil

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Monthly GDP expands 2.8% mom/sa in May

julio 13, 2020

Retail stands out positively during the month


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

 

 In May, the Itaú Unibanco monthly GDP (PM-Itaú) expanded 2.8% mom/sa, but fell 10.9% yoy.

 Among its components, mining/extraction posted the steepest monthly decline (-9.4%), while retail stood out positively in the month (+10.9%). 

 Available data suggest that economic activity indicators bottomed in April and started to recover in May and June.


Luka Machado Barbosa
Matheus Felipe Fuck


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



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