Itaú BBA - Trade surplus weakens in 3Q19

Macro Brazil

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Trade surplus weakens in 3Q19

septiembre 2, 2019

Trade surplus weakens due to the slowdown in global activity


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

• The trade surplus in August reached $3.3 billion, matching market expectations. The seasonally-adjusted annualized quarterly moving average retreated to $40.6 billion from $41.9 billion in July, while the surplus over 12 months advanced to $55.6 billion from $55.1 billion. August figures suggest a weaker trade balance in 3Q19 due to the slowdown in global activity.  
 

Thales Caramella
 

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



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