Itaú BBA - Monthly GDP expands in November

Macro Brazil

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Monthly GDP expands in November

enero 16, 2019

Household spending climbed while investment fell in November

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

• In November, Itaú Unibanco monthly GDP (PM-Itaú) advanced 0.4% mom/sa and 1.9% yoy.

• From a demand standpoint, household spending climbed 1.0% in November, while investment fell 2.2%.

• For December, we forecast, for the time being, a drop of 0.5% mom/sa in PM-Itaú.
 

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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