LatAm Daily | In Brazil industrial output falls again in December

Industrial production fell more than expected, driven mainly by the decline in capital goods. The December industrial production figures reinforce our view that GDP will contract again in the last quarter of 2015. More specifically, we expect activity to decline 1.1% QoQ in 4Q15 following a 1.7% contraction in 3Q15.

Authors

Geographies

Topics