Latin America Data Response Mexico Consumer Prices (Jul.) The second consecutive monthly rise in Mexican inflation was driven largely by higher energy inflation, and is unlikely to spook Banxico. There’s a long way to go until the next policy meeting, but... 9th August 2018 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jul.) Brazilian inflation rose to a higher-than-expected 4.5% y/y last month, but this reflects higher food and energy inflation which the central bank has made clear it will look through. Underlying price... 8th August 2018 · 1 min read
Latin America Data Response Brazil Industrial Production (Jun.) The 13.1% m/m jump in Brazilian industrial production in June confirmed that the sharp fall in output seen in May was a temporary result of the truck drivers’ strike in that month. But even so, it... 2nd August 2018 · 1 min read
Latin America Data Response Mexico GDP (Q2, Prov.) The surprise contraction in Mexican GDP in Q2 was driven in part by a drop in agricultural production, which tends to be volatile, but growth in the services sector was also surprisingly weak. We... 31st July 2018 · 1 min read
Latin America Data Response Mexico Industrial Production (May) The disappointingly weak Mexican industrial production data for May suggest that the sector probably made a small negative contribution to overall GDP growth in Q2. 12th July 2018 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jun.) The small rise in Mexican inflation, to 4.6% y/y last month, from 4.5% y/y in June, was due almost entirely to a rise in energy inflation, while core inflation fell to an 18-month low. The next... 9th July 2018 · 1 min read
Latin America Data Response Brazil Consumer Prices (Jun.) The jump in Brazilian inflation last month, to 4.4% y/y, from 2.9% y/y in May appears to be a result entirely of the truck drivers’ strike and electricity price hikes, and there are already signs that... 6th July 2018 · 1 min read
Latin America Data Response Brazil Industrial Production (May) The 10.9% m/m fall in Brazilian industrial production in May suggests that the truck drivers’ strike at the end of that month may have knocked about 0.4-0.6%-pts off q/q GDP growth in the second... 4th July 2018 · 1 min read
Latin America Data Response Mexico Industrial Production (Apr.) The second consecutive monthly decline in Mexican industrial production in April was disappointing, but the data are volatile and must be viewed in the context of an economy that is performing well on... 11th June 2018 · 1 min read
Latin America Data Response Brazil Consumer Prices (May) Brazilian inflation ticked up from 2.8% y/y in April to 2.9% in May, due in part to the recent truck drivers’ strike, which has led to supply disruptions. And while the markets have responded to the... 8th June 2018 · 1 min read
Latin America Data Response Mexico Consumer Prices (May) Mexican inflation continued to fall in May, and while the markets have responded to the recent drop in the peso against the dollar by pricing in a 25bp hike at this month’s policy meeting, we’re... 7th June 2018 · 1 min read
Latin America Data Response Brazil Industrial Production (Apr.) The larger-than-expected 0.8% m/m rise in Brazilian industrial production is encouraging given the sector’s weak showing in Q1. But the trucker’s strike that paralysed the country for nine days last... 5th June 2018 · 1 min read
Latin America Data Response Brazil GDP (Q1) The 0.4% q/q rise in Brazilian GDP in Q1 was modest but will go some way to allaying concerns that the economic recovery has stalled altogether. The truck drivers’ strike that has gripped parts of the... 30th May 2018 · 1 min read
Latin America Data Response Peru GDP (Q1) Peru’s strong growth in Q1 supports our view that the recovery should continue in the coming quarters, and that GDP will grow by 3.5% over this year as a whole. 21st May 2018 · 1 min read
Latin America Data Response Chile GDP (Q1) The stronger-than-expected increase in Chilean GDP growth in Q1 was broad based and we expect the recovery to continue over the next year or so. Today’s data support our above-consensus forecast for... 18th May 2018 · 1 min read
Latin America Data Response Colombia GDP (Q1) Colombian GDP growth picked up from 1.8% y/y in Q4 to 2.2% y/y in Q1, and we think the recovery will strengthen by more than the consensus expects this year. 15th May 2018 · 1 min read
