Latin America Data Response Mexico Bi-Weekly Consumer Prices (Feb.) The further jump in Mexican inflation in the first half of February, to 2.9% y/y, from 2.5% y/y over January as a whole, was due to a rise in food inflation, which is typically volatile and should... 24th February 2016 · 1 min read
Latin America Data Response Mexico GDP (Q4) The final estimate of Q4 Mexican GDP confirmed that the economy grew by 2.5% y/y, but revisions to the back series show that the slowdown at the end of last year was sharper than previously thought... 23rd February 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (Feb.) The rise in Brazilian inflation in the first half of this month is concerning, given that January’s data had suggested the headline rate was close to peaking. We still expect inflation to drop back... 23rd February 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Dec.) Stagnant industrial output at the end of last year means that the sector probably added a meagre 0.1%-pt to overall GDP growth in Q4. Industry may remain under pressure in the near term, but we still... 11th February 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jan.) The jump in Mexican inflation in January, to 2.6% y/y, from 2.1% y/y in December, was due to a sharp rise in food inflation, which is likely to have been driven in part by a weaker currency. But with... 9th February 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Jan.) The surge in Chilean inflation in January was largely due to planned tax increases and had been anticipated. As such, we don’t expect it to a trigger a policy response from the central bank and... 8th February 2016 · 1 min read
Latin America Data Response Brazil Consumer Prices (Jan.) Brazilian inflation held steady at 10.7% y/y in January and, while the headline rate may now have peaked, it is likely to remain well above the central bank’s target this year. Accordingly, we see... 5th February 2016 · 1 min read
Latin America Data Response Mexico Manufacturing PMI (Jan.) The small fall in Mexico’s headline manufacturing PMI is a disappointing sign that the factory sector remained relatively weak at the start of 2016. However, we still expect conditions to improve over... 2nd February 2016 · 1 min read
Latin America Data Response Brazil Manufacturing PMI (Jan.) The rise in Brazil’s headline manufacturing PMI in January was encouraging, particularly given that it corroborates with other leading indicators which point to (very early) signs of stabilisation... 1st February 2016 · 1 min read
Latin America Data Response Mexico GDP (Q4, Prov.) The stronger-than-expected 2.5% y/y rise in Mexican GDP in Q4 confirmed that economic growth remained solid – if unspectacular – in the fourth quarter. We expect the economy to kick on this year as... 29th January 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Dec.) The weaker-than-expected Chilean activity data for December confirm that the economy slowed in Q4. Our GDP Tracker suggests the economy grew by a lacklustre 2.0% y/y over Q4 as a whole. 29th January 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Jan.) The jump in Mexican inflation in the first half of January, to 2.5% y/y (from 2.1% y/y in December) was due largely to unfavourable base effects and, as a result, is unlikely to change the outlook for... 22nd January 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (Jan.) Today’s Brazilian inflation data, which showed that the headline rate held steady at 10.7% y/y in the first half of January, are likely to give policymakers at the central bank another reason to hold... 22nd January 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Nov.) The strong rise in Peruvian economic activity in November gives the first clear sign that the economy picked-up in the final quarter of last year. As such, it looks like GDP probably grew by around 3... 15th January 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Nov.) The weaker-than-expected Mexican industrial production growth figure for November is not something to be overly concerned about – the slowdown was due entirely to a sharp drop in construction output... 11th January 2016 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Dec.) The further rise in Brazilian inflation in December, to a 12-year high of 10.7% y/y, now means that anything less than a 50bp rate hike at this month’s COPOM meeting is likely to see financial markets... 8th January 2016 · 1 min read
