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.
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- Latin America
- Brazil
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- Topic Tags
- Macroeconomic Analysis
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Authors
MC
Marina Conesa
ED
Enestor Dos Santos
BBVA Research - Principal Economist
HP
Hugo Perea
BBVA Research - Chief Economist
CP
Cecilia Posadas
BBVA Research - Principal Economist
JS
Jorge Selaive
CS
Carlos Serrano
BBVA Research - Chief Economist
JT
Juana Téllez
BBVA Research - Chief Economist