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
Latin America Data Response Mexico Industrial Production (Aug.) The modest 1.0% y/y rise in Mexican industrial production masked the more encouraging 3.1% y/y increase in manufacturing output. But the bigger picture is that the sector remains weak. 12th October 2015 · 1 min read
