LatAm Daily | In Brazil industrial output falls again in December
Published on Wednesday, February 3, 2016
LatAm Daily | In Brazil industrial output falls again in December
Summary
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.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Marina Conesa
Enestor Dos Santos
BBVA Research - Principal Economist
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist