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
Latin America Data Response Brazil Industrial Production (Sep.) & Manuf. PMI (Oct.) The 0.5% m/m increase in Brazilian industrial production in September only partly reversed the steep fall in August and means that the sector still contracted by around 1.0% q/q in Q3 as a whole. The... 1st November 2016 · 1 min read
Latin America Data Response Mexico GDP (Q3, Prov.) Mexico’s economy grew by an impressive 1.0% q/q in Q3, the strongest rate since 2014. However, with growth being driven largely by the services sector and monetary policy set to tighten further, such... 31st October 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Sep.) Stronger-than-expected Chilean activity data for September suggest that GDP growth picked up to more than 2% y/y in Q3, which would be the strongest rate since the middle of 2015. While this wouldn’t... 28th October 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Oct.) The increase in Mexican inflation in the first half of this month, to 3.1% y/y from 3.0% y/y over the whole of September, was due largely to a rise in energy prices. While the recent rebound in the... 24th October 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (Oct.) Data to mid-October show that inflation in Brazil is continuing to ease, which should provide room for another cut in interest rates at November’s COPOM meeting. 21st October 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Aug.) The pick-up in Peruvian economic activity in August was encouragingly broad-based and suggests that GDP growth rebounded back above 4% in Q3. 14th October 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Aug.) The 0.4% m/m drop in Mexican industrial production in August is disappointing coming on the back of three consecutive increases. Nonetheless, it largely reflected another sharp fall in mining output... 12th October 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Sep.) The increase in Mexican inflation in September, to 3.0% y/y from 2.7% y/y in August, means that headline CPI is now at the central bank’s target and leaves it on track to move above target over the... 7th October 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Sep.) The bigger-than-expected drop in Brazilian inflation in September should be enough to seal the deal on an interest rate cut at this month’s COPOM meeting. 7th October 2016 · 1 min read
Latin America Data Response Brazil Industrial Production (Aug.) The 3.8% m/m drop in Brazilian industrial production in August isn’t quite as bad as it seems at first sight. Around two-thirds of the fall was due to a drop in vehicle output, which was affected by a... 4th October 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Sep.) The slight increase in Brazil’s headline manufacturing PMI in September was encouraging, but a fall in the new export orders component could be an early sign that the rebound in the real over the past... 3rd October 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Aug.) Chilean activity data for August were mixed, but on balance they reinforce our view that a large part of Q2’s weakness was temporary. The early signs are that GDP growth picked up from 1.5% y/y in Q2... 30th September 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Sep.) The rise in Mexican inflation in the first half of this month, to 2.9% y/y from 2.7% y/y over August as a whole, alongside the sharp drop in the peso over the past couple of weeks, means that there is... 22nd September 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (Sep. 16) Data to mid-September provide the first signs that Brazilian food inflation – which has been a source of recent concern for the central bank – is starting to ease. But while that could put an interest... 22nd September 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Jul.) The mild pick-up in Peruvian economic activity growth in July was driven by a rebound in the country’s notoriously volatile fishing sector. Nonetheless, we expect growth in the rest of the economy to... 15th September 2016 · 1 min read
