Latin America Data Response Mexico Bi-Weekly Consumer Prices (Feb.) Mexican inflation was unchanged at 4.7% y/y in the first-half of February and, along with the rebound in the peso over the past month, this could convince the central bank to keep interest rate on... 23rd February 2017 · 1 min read
Latin America Data Response Colombia GDP (Q4) The stronger-than-expected expansion in Colombian GDP in Q4 confirms that the worst of the country’s economic downturn has now passed. Higher oil prices should support a further gradual recovery over... 22nd February 2017 · 1 min read
Latin America Data Response Brazil IPCA-15 (Feb.) Data to mid-February showed another big drop in Brazilian inflation which, coming alongside the recent strength of the real, paves the way for a large reduction in the Selic interest rate at tonight’s... 22nd February 2017 · 1 min read
Latin America Data Response Mexico Industrial Production (Dec.) The small fall in Mexican industrial production in December confirms that the sector broadly stagnated over Q4 as a whole. And the early signs are that that this weakness has persisted in the early... 10th February 2017 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jan.) The surge in Mexican inflation in January, to 4.7% y/y from 3.4% y/y in December, is largely the result of hikes in regulated fuel prices. Nonetheless, core inflation also continued to rise as a... 9th February 2017 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jan.) The drop in Brazilian inflation in January, to 5.4% y/y from 6.3% y/y in December, means that another large 75bp cut in the Selic interest rate is on the cards later this month. Elsewhere, inflation... 8th February 2017 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Jan.) The fall in Brazil’s manufacturing PMI to a seven-month low in January is disappointing. But with more reliable surveys, as well as the hard data, showing an improvement, we don’t think it signals a... 1st February 2017 · 1 min read
Latin America Data Response Brazil Industrial Production (Dec.) The larger-than-expected 2.3% m/m surge in Brazilian industrial production in December was due almost entirely to an increase in vehicle production, which is unlikely to be sustained. Nonetheless... 1st February 2017 · 1 min read
Latin America Data Response Mexico GDP (Q4, Prov.) Mexican GDP grew by a respectable 0.6% q/q in Q4, down from +1.0% q/q in Q3, and, while tighter monetary policy and the uncertainty surrounding US trade policy mean growth is set to soften further... 31st January 2017 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Dec.) Chilean activity data for December were relatively encouraging, but it still looks like GDP may have contracted in seasonally-adjusted q/q terms between Q3 and Q4. As such, the central bank is likely... 30th January 2017 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Jan.) The surge in Mexican inflation in the first half of January, to 4.8% y/y from 3.4% y/y in December, was due largely to hikes in regulated fuel prices. But core inflation also rose further as the... 24th January 2017 · 1 min read
Latin America Data Response Brazil IPCA-15 (Jan.) Data to mid-January showed another larger-than-expected drop in Brazilian inflation and, barring a sustained slide in the real, we think COPOM is likely to cut the Selic interest rate by another 75bp... 19th January 2017 · 1 min read
Latin America Data Response Brazil Consumer Prices (Dec.) The further drop in Brazilian inflation in December seals the deal for a larger cut in the Selic interest rate at today’s COPOM meeting (decision due 18.20 local time). A 75bp cut is possible, but we... 11th January 2017 · 1 min read
Latin America Data Response Mexico Consumer Prices (Dec.) Mexican inflation accelerated to 3.4% y/y in December and looks set to breach the upper-bound of the central bank’s 2-4% target range as soon as this month as a result of rising domestic fuel prices... 9th January 2017 · 1 min read
Latin America Data Response Chile Consumer Prices (Dec.) The larger-than-expected drop in Chilean inflation to a three-year low of 2.7% y/y, taking it further below the central bank’s 3% target, probably seals the deal for a 25bp interest rate cut (to 3.25%... 6th January 2017 · 1 min read
Latin America Data Response Brazil Industrial Production (Nov.) The 0.2% m/m increase in Brazilian industrial production in November was due in large part to a rebound in vehicle production. This suggests that the lingering effects of a parts dispute with... 5th January 2017 · 1 min read
