Latin America Data Response Mexico Industrial Production (Oct.) Mexican industrial production contracted for a second consecutive month in October, but this was due largely to a drop in utilities output, which reflects lingering disruption from September’s... 12th December 2017 · 1 min read
Latin America Data Response Brazil Consumer Prices (Nov.) The rise in Brazilian inflation to 2.8% y/y in November, from 2.7% y/y in October, was in line with our forecast but a bit smaller than the consensus had expected (2.9% y/y). Either way, none of this... 8th December 2017 · 1 min read
Latin America Data Response Mexico & Chile Consumer Prices (Nov.) November’s inflation data from Mexico, which showed a second consecutive monthly rise in the headline rate, has strengthened the case for further monetary tightening. We now expect policymakers to... 7th December 2017 · 1 min read
Latin America Data Response Brazil Industrial Production (Oct.) The 0.2% m/m gain in Brazilian industrial production in October suggests that the sector started Q4 on a decent footing, and the latest survey data indicate that conditions in the sector should... 5th December 2017 · 1 min read
Latin America Data Response Brazil GDP (Q3) The meagre 0.1% q/q increase in Brazil GDP in Q3 is not as bad as it looks at first sight. The big hit came from a contraction in agricultural production, which is volatile from quarter to quarter... 1st December 2017 · 1 min read
Latin America Data Response Mexico Bi-Weekly CPI (Nov.) The unexpected rise in Mexican inflation in the first half of November has increased the chances that the central bank will restart its tightening cycle in the next few months. However, we still think... 23rd November 2017 · 1 min read
Latin America Data Response Brazil IPCA-15 (Nov.) The further increase in Brazilian inflation in the first half of November, which was in line with expectations, is unlikely to alter the thinking of COPOM, and we continue to expect a 50bp cut in the... 23rd November 2017 · 1 min read
Latin America Data Response Peru GDP (Q3) The pick-up in Peruvian GDP growth in Q3 was due entirely to a surge in domestic demand, with net trade dragging on growth. While we expect the economic recovery to continue over the coming quarters... 21st November 2017 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q3) GDP growth in Chile picked up strongly in Q3 and we expect the recovery to continue over the next year or so. The outcome of the elections is unlikely to have a major bearing on the economic outlook. 20th November 2017 · 1 min read
Latin America Data Response Colombia GDP (Q3) Colombian GDP growth picked up from 1.2% y/y in Q2 to 2.0% y/y in Q3, and we expect the economy to continue to recover in 2018 as oil output returns to growth and the drag from fiscal austerity eases. 15th November 2017 · 1 min read
Latin America Data Response Brazil Consumer Prices (Oct.) The rise in Brazilian inflation from 2.5% y/y in September to 2.7% y/y in October, is likely to be the start of a gradual upwards trend. Nevertheless, we expect inflation to remain below the central... 10th November 2017 · 1 min read
Latin America Data Response Mexico Consumer Prices (Oct.) The pick-up in Mexican inflation last month appears to be due in large part to temporary factors relating to September’s earthquakes. Nevertheless, the data strengthen the case for delaying interest... 9th November 2017 · 1 min read
Latin America Data Response Chile Consumer Prices (Oct.) The stronger-than-expected pick-up in Chilean inflation in October is likely to ease fears among the central bank’s Board that below-target inflation is becoming entrenched. Even so, with inflation... 8th November 2017 · 1 min read
Latin America Data Response Brazil Industrial Production (Sep.) The return to growth of Brazilian industrial production in September was due entirely to a rebound in intermediate goods production, which was payback for a collapse in August. Even so, it looks like... 1st November 2017 · 1 min read
Latin America Data Response Mexico GDP (Q3, Prov.) The 0.2% q/q fall in Mexican GDP in Q3 was weaker than expected but the data are provisional and are perhaps more likely than usual to be revised given the disruption caused by the twin earthquakes... 31st October 2017 · 1 min read
Latin America Data Response Mexico Bi-Weekly CPI (Oct.) Data showing that Mexican inflation was unchanged in the first half of October compared to September as a whole, combined with the recent deprecation of the peso against the dollar, mean that... 24th October 2017 · 1 min read
