Itaú BBA - Seasonally adjusted industrial production increases 0.5% in February

Macro Brazil

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Seasonally adjusted industrial production increases 0.5% in February

abril 1, 2020

Positive capital and intermediate goods production


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 Industrial production increased 0.5% mom/sa, above our forecast and the market median (both at -0.4%). Year-over-year, there was a 0.4% decline (Itaú and market: -2.2%).

 In terms of major economic categories, capital goods and intermediate goods production positively contributed to industrial production in the month (+1.2% and +0.5%, seasonally adjusted, respectively). 

 In the breakdown by activities, the largest contributions to the positive result came from the “automotive vehicles and trailers” and “other chemicals” components, which expanded 2.7% and 2.6% with seasonal adjustment, respectively.

 

Luka Machado Barbosa
Matheus Felipe Fuck


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



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