Latin America Data Response Brazil & Chile Consumer Prices (May) Having fallen in each of the past three months, inflation in Brazil was unchanged at 9.3% y/y in May. We suspect that this is a temporary blip rather than the start of a new trend and think inflation... 8th June 2016 · 1 min read
Latin America Data Response Colombia GDP (Q1) The sharp slowdown in Colombian GDP growth in Q1 reinforces our view that the economy is set to slow further than most expect this year. 3rd June 2016 · 1 min read
Latin America Data Response Brazil Industrial Production (Apr.) Brazilian industrial production rose for the second consecutive month in April and, coming on the back of yesterday’s better-than-expected GDP data, adds to signs that economic conditions are starting... 2nd June 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (May) The drop in Brazil’s manufacturing PMI to a six-year low in May is something of a reality check after better-than-expected first quarter GDP data this morning, but in truth the PMI has been a pretty... 1st June 2016 · 1 min read
Latin America Data Response Brazil GDP (Q1) The drop in Brazil Q1 GDP was much smaller than had been expected but only because of a jump in government spending. With fiscal policy set to tighten over the second half of the year, this prop to... 1st June 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (May) The fact that Mexican inflation in the first half of this month came in at a weaker-than-expected 2.5% y/y eases some of the pressure on the MPC to tighten monetary policy next month. But if the peso... 24th May 2016 · 1 min read
Latin America Data Response Mexico GDP (Q1) The final estimate of Mexican Q1 GDP growth confirmed that the economy picked up, but by less than previously thought. Looking ahead, we think Q1 may be as good as it gets for Mexico this year, with... 20th May 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (May) The rise in Brazilian inflation in the first half of this month, to 9.6% y/y, from 9.3% y/y over April as a whole, was disappointing given that it followed declines in the previous three months. Today... 20th May 2016 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q1) The rebound in Chilean GDP growth in Q1 suggests that recent concerns that the economy is heading for a renewed downturn this year were premature. Nonetheless, we doubt growth will accelerate much... 18th May 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Mar.) Peruvian economic activity growth slowed in March but, taken together with February’s stronger outturn, the data still point to GDP growth remaining robust at around 4.5% y/y in the first quarter of... 16th May 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Mar.) The larger-than-expected 2.0% y/y drop in Mexican industrial production growth in March was particularly disappointing given that it followed a strong 2.6% y/y rise in February. Today’s data mean that... 12th May 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Apr.) The weaker-than-expected Mexican inflation figure for April, of 2.5% y/y, down from 2.6% y/y in March, means that the MPC is unlikely to raise interest rates at the next few policy meetings. But with... 9th May 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Apr.) Inflation in Brazil and Chile edged down last month and we expect it to continue its downward trend in both countries over the course of this year. 6th May 2016 · 1 min read
Latin America Data Response Brazil Industrial Production (Mar.) The 1.4% m/m rise in Brazilian industrial production in March was encouraging, but it partly reflects payback for February’s huge 2.7% m/m fall. Moreover, the annual pace of contraction accelerated... 3rd May 2016 · 1 min read
Latin America Data Response Mexico GDP (Q1, Prov.) The acceleration in Mexican GDP growth in the first quarter of this year, to 2.7% y/y, is encouraging but, with a number of headwinds facing the economy, we suspect that growth will slow over the... 29th April 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Mar.) March activity data for Chile were a mixed bag, but taken together with last month’s strong figures, they suggest that GDP growth picked up to over 2.0 %y/y in Q1. Nonetheless, we don’t expect the... 29th April 2016 · 1 min read
