Itaú BBA - Monthly GDP stable in February

Macro Brazil

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Monthly GDP stable in February

abril 12, 2019

Domestic demand components receded during the month

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

 Itaú Unibanco monthly GDP (PM-Itaú) remained virtually stable on a seasonally-adjusted basis in February, while expanding 2.4% year-over-year.

 From a demand standpoint, household spending as well as fixed capital investments receded during the month.

 For March, we expect, for now, PM-Itaú to decline 0.2% mom/sa.


Luka Barbosa
Alexandre Gomes da Cunha

 

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



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