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
Latin America Data Response Brazil IPCA-15 (Nov.) The latest rise in Brazilian inflation, to a 12-year high of 10.3% y/y in the first half of this month, was due to a combination of a rise in food inflation, which appears to be due to a weaker real... 19th November 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q3) The acceleration in Chile’s GDP growth in the third quarter is an encouraging sign that, after a brief slowdown in the previous quarter, the economic recovery is back on track. GDP growth is still... 18th November 2015 · 1 min read
Latin America Data Response Brazil Economic Activity Indicator (Sep.) The huge 6.2% y/y decline in Brazil’s Economic Activity Indicator in September was the steepest fall on record and, at face value, is consistent with a contraction in GDP of close to 5% y/y over Q3 as... 18th November 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Sep.) The pick-up in Peruvian economic activity in September suggests that the economy’s recovery is still on track. Nonetheless, the weakness of August’s data means that GDP growth was probably unchanged... 13th November 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Sep.) The further pick-up in Mexican industrial production growth in September, to 1.7% y/y, suggests that the sector may finally be finding its feet. But overall, industry probably contributed only a... 11th November 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Oct.) October’s 2.5% y/y rise in Mexican consumer prices is unlikely to change the near-term monetary policy outlook given that it was in line with expectations and unchanged from September. Instead, with a... 9th November 2015 · 1 min read
Latin America Data Response Brazil, Chile & Colombia Consumer Prices (Oct.) October’s rise in Brazilian inflation, to 9.9% y/y, was due in part to a fresh increase in regulated fuel prices, but it looks like the recent slide in the real also played a role. Elsewhere in Latin... 6th November 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Sep.) The 10.9% y/y fall in Brazilian industrial production in September, coming on the back of similarly steep falls in output July and August, means that the sector probably subtracted around 2.0%-pts... 4th November 2015 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Oct.) The drop in Brazil’s manufacturing PMI in October, to a five-year low of 44.1, is an early (and ominous sign) that the country’s recession continued into Q4. Perhaps the one crumb of comfort in today... 3rd November 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Sep.) Activity data from Chile picked up in September despite a major earthquake hitting the country. Encouragingly our GDP Tracker suggests that GDP growth edged up over Q3 as a whole. 29th October 2015 · 1 min read
Latin America Data Response Mexico IGAE (Aug.) The 2.6% y/y rise in Mexico’s IGAE Economic Activity Indicator in August was driven by a pick-up in growth in the agriculture and services sectors. More generally, the Activity Index for July and... 26th October 2015 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Oct.) The 2.5% y/y rise in Mexican consumer prices in the first half of this month is unlikely to have much of a bearing on next Wednesday’s MPC meeting, given that it was in line with expectations. However... 22nd October 2015 · 1 min read
Latin America Data Response Brazil IPCA-15 (Oct.) The latest rise in inflation in Brazil, to a 12-year high of 9.8% y/y in the first half of this month, was driven by another increase in regulated fuel prices and was in line with expectations. It is... 21st October 2015 · 1 min read
Latin America Data Response Brazil Economic Activity Indicator (Aug.) The 4.5% y/y drop in Brazil’s Economic Activity Indicator in August suggests that the country’s recession probably deepened over Q3 as a whole. The monthly activity data suggest that this... 16th October 2015 · 1 min read
Latin America Data Response Latin America Data Response The weakening of Peru’s economy in August is disappointing, but we don’t think this is the start of a sustained downturn and the recovery remains on track. 15th October 2015 · 1 min read
