Latin America Data Response Peru Economic Activity (Oct.) Peru’s economy weakened sharply in October and, while we don’t think that the slowdown will be sustained, it’s an early sign that GDP growth may weaken in Q4. 15th December 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Oct.) The small rise in Mexican industrial production in October doesn’t alter the bigger picture that the sector remains the key weak spot in the economy. We expect industry to do little more than stagnate... 12th December 2016 · 1 min read
Latin America Data Response Brazil Consumer Prices (Nov.) The larger-than-expected decline in Brazilian inflation in November, coming on the back of less hawkish communications from policymakers in recent weeks, make it more likely that COPOM will step up... 9th December 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Nov.) Mexican inflation rose to 3.3% y/y in November, from 3.1% y/y in October, and it’s unlikely to stop there. We expect the headline rate to climb above the top-end of the central bank’s 2-4% target... 8th December 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Nov.) The small uptick in Chilean inflation in November is likely to prove temporary and we expect the headline rate to fall further below the central bank’s target by early next year. Following more... 7th December 2016 · 1 min read
Latin America Data Response Brazil Industrial Production (Oct.) The larger-than-expected 1.1% m/m fall in Brazilian industrial production in October provides an early sign that, following the slump in Q3, a strong rebound in output in Q4 is unlikely. 2nd December 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Nov.) Mexico’s manufacturing PMI fell in November following the election of Donald Trump but the decline was very modest and doesn’t point to a renewed downturn in production over the coming months... 1st December 2016 · 1 min read
Latin America Data Response Brazil GDP (Q3) About 0.3%-pts of the 0.8%-pt contraction in Brazil GDP in Q3 can be chalked down to one-off effects stemming from a poor harvest and temporary disruptions to vehicle production. But the big story... 30th November 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Oct.) Chilean activity data for October were slightly worse than expected and suggest that the economy got off to a disappointing start in Q4. They’re probably not enough to convince the central bank to... 29th November 2016 · 1 min read
Latin America Data Response Colombia GDP (Q3) The sharp slowdown in Colombian GDP growth, to just 1.2% y/y in Q3 from 2.0% y/y in Q2, was due in part to the effects of a truck drivers’ strike. With the dispute having now ended, Q3 may prove to be... 25th November 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Nov.) Mexican inflation continued to climb in the first half of November, rising to 3.3% y/y from 3.1% y/y over the whole of October. And, following the sharp depreciation of the peso over recent weeks, we... 24th November 2016 · 1 min read
Latin America Data Response Peru GDP (Q3) Peruvian GDP growth rebounded to an impressive 4.4% y/y in Q3, from 3.7% y/y in Q2, as household consumption and export growth accelerated. What’s more, the economy looks set to remain strong over the... 21st November 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Sep.) Peruvian economic activity data showed that, while the economy weakened between August and September, GDP growth over Q3 as a whole probably strengthened to around 4.5% y/y from 3.6% y/y in Q2. 15th November 2016 · 1 min read
Latin America Data Response Brazil Consumer Prices (Oct.) The sharp fall in Brazilian inflation in October is likely to be followed up by further declines over the coming months. Accordingly, barring a sustained drop in the real – the currency is down by 2.5... 9th November 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Oct.) Chilean inflation surprised on the downside again in October and looks set to fall further over the coming months due to the fading impact of last year’s depreciation of the peso. This is likely to... 8th November 2016 · 1 min read
Latin America Data Response Mexico Manufacturing PMI (Oct.) The small decline in Mexico’s manufacturing PMI in October suggests that the factory sector remains weak. And, with mining output still falling, industry as a whole is unlikely to be a major source of... 1st November 2016 · 1 min read
