Latam Daily | Private Consumption in Brazil is likely to contract in 2Q15
Published on Wednesday, June 17, 2015 | Updated on Wednesday, June 17, 2015
Latam Daily | Private Consumption in Brazil is likely to contract in 2Q15
Summary
Consumption data resumed its declining trend in April. The figures imply that private consumption may also contract in 2Q15. In Colombia, industrial production fell more than expected in April, led by an 11% decline in the oil refining sector. Meanwhile, retail sales contracted in April 1% YoY.
Geographies
- Geography Tags
- Latin America
- Brazil
- Colombia
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci