Latin America Data Response Mexico Consumer Prices (Jul.) Mexican inflation nudged up to a fresh eight-year high in July, but this is unlikely to be enough to change the central bank’s view that its tightening cycle is over. As such, we continue to expect... 9th August 2017 · 1 min read
Latin America Data Response Brazil Consumer Prices (Jul.) Brazilian inflation fell to a fresh decade-low in July but is now close to bottoming out. As such, while it’s a close call, our base case remains that Copom will cut interest rates by 75bps (rather... 9th August 2017 · 1 min read
Latin America Data Response Chile Consumer Prices (Jul.) Chilean inflation remained below the central bank’s target range in July and the data provided further evidence that underlying price pressure are subdued. Against this backdrop, we continue to expect... 8th August 2017 · 1 min read
Latin America Data Response Chile IMACEC (Jun.) Chilean economic activity data for June all but confirm that GDP growth rebounded in Q2. And there are tentative signs that a recovery is starting to build outside of the volatile mining sector. 7th August 2017 · 1 min read
Latin America Data Response Brazil Industrial Production (Jun.) The fact that Brazilian industry stagnated in month-on-month terms in June is partly payback for strong outturns in April and May. What’s more, industry still expanded by 0.5% q/q in the second... 1st August 2017 · 1 min read
Latin America Data Response Mexico GDP (Q2, Prov.) Mexico’s economy posted another quarter of solid growth in Q2 and, while the activity is likely to cool in the second half of this year, we remain comfortable with our above-consensus forecast for GDP... 31st July 2017 · 1 min read
Latin America Data Response Mexico Bi-Weekly CPI (Jul.) & IGAE (May) Mexican inflation remained unchanged in the first half of July which, combined with the latest activity data suggesting that GDP growth slowed in Q2, reinforces our view that Banxico’s tightening... 24th July 2017 · 1 min read
Latin America Data Response Peru Economic Activity (May) Peruvian economic activity rebounded strongly in May as the effects of severe flooding at the start of the year started to fade and we expect the recovery to continue over the coming months. 14th July 2017 · 1 min read
Latin America Data Response Mexico Industrial Production (May) Mexican industrial production grew by a below-consensus 0.1% m/m in May and, as a result, industry probably broadly stagnated over Q2 as a whole. 12th July 2017 · 1 min read
Latin America Data Response Mexico, Brazil & Chile Consumer Prices (Jun.) Mexican inflation rose further above target in June, but there are signs in the breakdown that it is close to peaking. Meanwhile, data also released today showed that inflation in both Brazil and... 7th July 2017 · 1 min read
Latin America Data Response Chile IMACEC (May) The second consecutive m/m expansion in the Chilean IMACEC economic activity index suggests that, after a dire Q1, GDP growth probably picked up in Q2. We think the economy should continue to recover... 5th July 2017 · 1 min read
Latin America Data Response Brazil Industrial Production (May) The stronger-than-expected 0.8% m/m gain in Brazilian industrial production in May, coupled with large upward revisions to April’s data, suggests that the sector may have made a modest positive... 4th July 2017 · 1 min read
Latin America Data Response Brazil IPCA-15 (Jun.) The drop in Brazilian inflation in the first half of June to a fresh decade-low of 3.5% y/y, is Brazilian inflation has fallen below the BCB’s central target for the first time in almost seven years... 23rd June 2017 · 1 min read
Latin America Data Response Mexico Bi-Weekly CPI (Jun.) The rise in Mexican inflation in the first half of June probably seals the deal for another 25bp hike in the central bank’s policy interest rate, to 7.00%, later today. But there are also signs that... 22nd June 2017 · 1 min read
Latin America Data Response Peru Economic Activity (Apr.) Peru’s economy weakened further at the start of Q2, but with the government planning a major fiscal stimulus to offset the impact of severe flooding earlier this year, we expect growth to rebound over... 15th June 2017 · 1 min read
Latin America Data Response Mexico Industrial Production (Apr.) The 0.3% m/m fall in Mexican industrial production in April underlines the fact that, even if the decent growth in the manufacturing sector continues, persistent weakness in mining output means... 9th June 2017 · 1 min read
