Latin America Data Response Mexico Consumer Prices (Dec.) The further decline in Mexican inflation in December, to 2.1% y/y, underscores the lack of price pressures in the economy. Against this backdrop, we expect only modest monetary tightening in 2016... 7th January 2016 · 1 min read
Latin America Data Response Brazil Industrial Production (Nov.) The 12.4% y/y fall in Brazilian industrial production in November was even worse than October’s 11.1% y/y decline, and adds to evidence that the economy’s recession deepened in Q4. 7th January 2016 · 1 min read
Latin America Data Response Chile IMACEC (Nov.) Economic activity in Chile picked up in November, but even so, it looks like GDP growth over Q4 as a whole probably didn’t accelerate from Q3. 5th January 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Dec.) The rise in Brazil’s headline manufacturing PMI in December provides a rare piece of good news for a country in the grip of both a deep recession and an escalating political crisis. Elsewhere, Mexico... 4th January 2016 · 1 min read
Latin America Data Response Brazil IPCA-15 (Dec.) The stronger-than-expected rise in Brazilian inflation, to 10.7% y/y, in the first half of December was driven by an increase in food inflation that should ease by mid-2016. Nonetheless, the risk of... 18th December 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Oct.) The weaker-than-expected rise in Peruvian economic activity in October suggests the recovery is still struggling to gain momentum. Nonetheless, there are some encouraging signs that the economy will... 15th December 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Oct.) The sharp slowdown in Mexican industrial production growth in October, to 0.5% y/y, was disappointing, but we don’t think this is the start of a renewed downturn in the sector. The data from month to... 11th December 2015 · 1 min read
Latin America Data Response Colombia GDP (Q3) The modest pick-up in Colombian GDP growth suggests that the economy is coping relatively well with the significant terms of trade shock from lower oil prices and growth looks set to be a respectable... 10th December 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Nov.) The bigger-than-expected drop in Mexican inflation in November underscores the lack of price pressures in the economy. Against this backdrop, although it will be a close call, we are sticking with our... 9th December 2015 · 1 min read
Latin America Data Response Brazil Consumer Prices (Nov.) The stronger-than-expected rise in Brazilian inflation, to a 12-year high of 10.5% y/y, was driven in large part by a jump in food inflation. While this pick-up should be temporary, given that it... 9th December 2015 · 1 min read
Latin America Data Response Chile Consumer Prices (Nov.) & IMACEC (Oct.) The further fall in Chilean inflation in November is an encouraging sign that price pressures in the economy are easing. While this reduces the likelihood of the central bank hiking interest rates... 7th December 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Oct.) The 11.2% y/y fall in Brazilian industrial production in October was even worse than September’s 10.9% y/y decline, and adds to evidence that the economy’s deep recession continued at the start of Q4... 3rd December 2015 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Nov.) The further fall in Brazil’s manufacturing PMI in November, to a fresh five-year low of 43.8, adds to evidence that the economy is yet to bottom out. The data are broadly consistent with industrial... 1st December 2015 · 1 min read
Latin America Data Response Brazil GDP (Q3) Third quarter GDP data from Brazil made for grim reading, with the economy contracting by a larger-than-expected 1.7% q/q and falls earlier in the year revised higher. As a result, it seems likely... 1st December 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Oct.) Weaker Chilean activity data for October underscore the gradual nature of the economic recovery. Nonetheless, it too early to worry about a renewed slowdown in GDP growth in Q4. 30th November 2015 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Nov.) Weaker-than-expected Mexican inflation in the first half of November underscores the lack of price pressures in the economy. This reinforces our view that the central bank is likely to raise interest... 24th November 2015 · 1 min read
