Latin America Data Response Mexico Industrial Production (Aug.) The 0.3% m/m rise in Mexican industrial production in August is encouraging but the data predate the earthquakes that hit the country last month. The disruption caused by the quakes mean that the... 12th October 2017 · 1 min read
Latin America Data Response Mexico Consumer Prices (Sep.) The drop in Mexican inflation last month is likely to be the start of a rapid downwards trend and we expect the headline rate to fall back into the central bank’s target range by the middle of next... 9th October 2017 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Sep.) September’s data confirm that the sharp drop in inflation in Brazil is bottoming out. This supports the view that Copom is likely to slow the pace of easing at this month’s policy meeting. 6th October 2017 · 1 min read
Latin America Data Response Brazil Industrial Production (Aug.) The larger-than-expected 0.8% m/m drop in Brazilian industrial production in August more than offset July’s 0.7% m/m gain, but this was due in large part to a decline in notoriously-volatile food... 3rd October 2017 · 1 min read
Latin America Data Response Mexico Bi-Weekly CPI (Sep.) Data to the middle of September showed that Mexican inflation fell for the first time in almost eighteen months, suggesting that the headline rate may now have peaked. We expect inflation to fall... 22nd September 2017 · 1 min read
Latin America Data Response Mexico Industrial Production (Jul.) Mexico’s industrial sector got off to a weak start in Q3, with output contracting by 1.0% m/m in July. And there is a good chance that it will act as a drag on GDP growth over the quarter as whole... 11th September 2017 · 1 min read
Latin America Data Response Chile Consumer Prices (Aug.) Chilean inflation rose in August and, with the central bank continuing to talk down the possibility of further policy easing, we expect the benchmark interest rate to be left unchanged at 2.50% at... 8th September 2017 · 1 min read
Latin America Data Response Mexico Consumer Prices (Aug.) Mexican inflation rose to an 18-year high in August, but the latest increase was driven by another jump in food inflation, rather than a rise in broader price pressures. As such, it is unlikely to... 7th September 2017 · 1 min read
Latin America Data Response Brazil Consumer Prices (Aug.) The fall in Brazilian inflation to a fresh eighteen-year low in August clears the way for another 100bp cut in the benchmark Selic interest rate, to 8.25%, later today. That said, we suspect the... 6th September 2017 · 1 min read
Latin America Data Response Brazil Industrial Production & Chile IMACEC (Jul.) The 0.8% m/m rise in Brazilian industrial production in July suggests that, after softening in Q2, the economy got off to a decent start in Q3. Meanwhile, economic activity data for Chile add to the... 5th September 2017 · 1 min read
Latin America Data Response Brazil GDP (Q2) Growth in Brazil slowed in the second quarter of this year, but this was always likely given the weak carryover from the end of the first quarter. The big picture here is that there is no sign that... 1st September 2017 · 1 min read
Latin America Data Response Mexico Bi-Weekly CPI (Aug.) Mexican inflation continued to rise in the first half of August, but this was largely the result of another jump in food inflation. As such, it’s unlikely to change the central bank’s view that... 24th August 2017 · 1 min read
Latin America Data Response Brazil IPCA-15 (Aug.) Data to mid-August suggest that inflation in Brazil is starting to bottom out. That being said, it’s likely to remain well below the central bank’s target over the remainder of this year. 23rd August 2017 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q2) The pick-up in Chilean GDP growth in Q2 was mainly due to a rebound in mining production following a strike, and there are continued signs of weakness elsewhere in the economy. This adds to the case... 18th August 2017 · 1 min read
Latin America Data Response Colombia GDP (Q2) & Peru Econ. Act. (Jun.) The uptick in Colombian GDP growth in Q2 suggests that the economy is probably over the worst. Even so, the recovery in the second half of the year is likely to be weak and we remain comfortable with... 15th August 2017 · 1 min read
Latin America Data Response Mexico Industrial Production (Jun.) Mexican industrial production grew by a below-consensus 0.1% m/m in June, confirming that the sector broadly stagnated over Q2 as a whole. As such, it shouldn’t trigger any major revisions to the... 11th August 2017 · 1 min read
