Latin America Data Response Brazil Consumer Prices (Aug.) August’s inflation data are not going to provide any reassurance to Brazilian policymakers that now is the time to begin lowering interest rates. The headline inflation rate rose to a three-month high... 9th September 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Aug.) The weaker-than-expected 2.7% y/y increase in Mexican consumer prices in August, coming alongside further government spending cuts expected to be announced in the 2017 budget later today, strengthens... 8th September 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Aug.) The sharp drop in Chilean inflation in August takes it firmly back within the central bank’s target range and reinforces our view that interest rates are likely to remain on hold for a prolonged... 8th September 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Aug.) The fall in Brazil’s manufacturing PMI in August is disappointing, particularly coming on the back of consecutive increases in the previous two months. However, the decline was relatively modest and... 1st September 2016 · 1 min read
Latin America Data Response Brazil GDP (Q2) The bigger-than-expected 0.6% q/q drop in Brazil Q2 GDP was caused by another large fall in consumer spending. An improvement in investment should ensure that the economy returns to growth over the... 31st August 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Jul.) July’s activity data were slightly better than the dire outturns in May and June, but,on balance, they still suggest the economy remained weak at the start of Q3. 30th August 2016 · 1 min read
Latin America Data Response Colombia GDP (Q2) The continuing slump in mining output pulled annual growth in Colombia down to just 2.0% y/y in Q2. We expect it to fall further over the second half of the year. 29th August 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Aug.) The further rise in Mexican inflation in the first half of this month, to 2.8% y/y from 2.7% y/y over July as a whole, means that the headline rate is on course to breach the central bank’s 3% target... 24th August 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (Aug.) - 16 Brazil’s mid-month inflation data have tended to overestimate inflation over the full month recently but even so the latest rise, from 8.9% y/y to 9.0% y/y in mid-August, is likely to cause some alarm... 24th August 2016 · 1 min read
Latin America Data Response Peru GDP (Q2) The slowdown in Peruvian GDP growth in Q2 was due to a weakening of domestic demand. But, with the new government intent on loosening fiscal policy to stimulate the economy, we doubt the slowdown will... 22nd August 2016 · 1 min read
Latin America Data Response Mexico GDP (Q2) The good news is that the final estimate of Mexican Q2 GDP showed that the economy contracted by less than previously thought. The bad news is that downward revisions to growth in the previous two... 22nd August 2016 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q2) The quarterly contraction in Chilean GDP in Q2 is a disappointing sign that the economy remains fragile. But we don’t expect the weakness to persist and revisions to past data mean that the economy is... 18th August 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Jun.) The slowdown in Peruvian economic activity in June suggests that GDP growth eased to around 3.6% y/y in Q2, from 4.4% y/y in Q1. Nonetheless, this largely reflects weakness in volatile primary sectors... 15th August 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Jun.) Mexico’s manufacturing and construction sectors posted strong m/m gains in June, but a big drag from mining means that overall industrial production only rose by a modest 0.1% m/m. 11th August 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jul.) The increase in Mexican inflation in July, to 2.7% y/y from 2.5% y/y in June, is unlikely to prompt the central bank to raise interest rates again at Thursday’s MPC meeting. But with inflation likely... 9th August 2016 · 1 min read
