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

Latin America Data Response

Mexico Industrial Production (Jul.)

The 1.0% y/y drop in Mexican industrial production in July will grab the headlines, but this figure was distorted by working day effects. And the fact that output rose in seasonally-adjusted m/m terms...

9th September 2016 · 1 min read