Latin America Data Response Chile Consumer Prices (Jul.) The fall in Chilean inflation in July, coming on the back of a recent weakening in the economy, means that interest rate hikes this year are now looking unlikely. 8th August 2016 · 1 min read
Latin America Data Response Brazil Industrial Production (Jun.) The strong increase in Brazilian industrial production in June was encouraging and, coming on the back of rises in output in both April and May, it looks like the sector added to q/q GDP growth for... 2nd August 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (July) The jump in Brazil’s manufacturing PMI in July adds to the evidence that the economy has finally begun to turn the corner. Meanwhile, the fall in Mexico’s PMI suggests that the slowdown in the... 1st August 2016 · 1 min read
Latin America Data Response Mexico GDP (Q2, Prov.) & Chile Activity (June) The fall in Mexican GDP in Q2 is partly payback for a strong Q1 but it also reflects the continuing drag on Mexican industry from manufacturing weakness in the US. With policy tightening now set to... 29th July 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (July) We expect the rise in Mexican inflation in the first half of this month, to 2.7% y/y from 2.5% y/y over June as a whole, to be the start of an upward trend that will ultimately force the central bank... 22nd July 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (July) The uptick in Brazilian inflation in the first half of this month was modest but it will reinforce the hawkish tone set by last night’s COPOM statement. Our base case is that interest rate cuts will... 21st July 2016 · 1 min read
Latin America Data Response Peru Economic Activity (May) The rebound in Peruvian economic activity in May leaves the economy on course to expand by around 4% in Q2. That would be weaker than the Q1 outturn, but it would still mean that Peru remained one of... 15th July 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (May 2016) The weaker-than-expected 0.4% y/y rise in Mexican industrial production growth in May, down sharply from 1.9% y/y in April, confirms that the sector remains the weak spot of the economy. There’s... 12th July 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jun.) The drop in Brazil inflation, from 9.3% in May to 8.9% in June, should be followed by further falls over the coming months. That said, our view remains that the central bank will resist lowering... 8th July 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jun 2016) The modest fall in Mexico’s headline inflation rate in June, to 2.5% y/y from 2.6% y/y in May, hides the fact that core inflation pressures are creeping up. Coupled with continued pressure on the peso... 7th July 2016 · 1 min read
Latin America Data Response Mexico Manufacturing PMI (Jun.) The decline in Mexico’s manufacturing PMI to almost a three-year low in June confirms that the sector is struggling for momentum, but with other more reliable leading indicators – such as the US ISM... 1st July 2016 · 1 min read
Latin America Data Response Brazil Ind. Prod. (May) & Manufacturing PMI (Jun.) The stagnation in Brazilian industrial production in May was disappointing, coming on the back of growth in the two previous months, but the bigger picture is that the underlying trend is improving... 1st July 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Jun.) Mexico’s fairly soft mid-month inflation reading for June, of 2.6% y/y, taken together with the recent rebound in the peso, has eased some of the pressure on the MPC to tighten monetary policy next... 23rd June 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Apr.) Economic activity growth weakened sharply in Peru at the start of the second-quarter, but we suspect this is largely a temporary blip and growth should rebound in the coming months. 15th June 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Apr.) The 1.9% y/y rebound in Mexican industrial production confirms that last month’s sharp drop was largely due to working day effects. But the underlying picture is that the sector remains the weak spot... 10th June 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (May) The modest rise in Mexican inflation in May, to 2.6% y/y from 2.5% y/y in April, in itself is unlikely to have much of a bearing on the central bank’s rate setting meeting later this month given that... 9th June 2016 · 1 min read
