Latin America Data Response Brazil Industrial Production (Jul.) July’s dire industrial production data from Brazil suggest that the economy has made a terrible start to Q3 and are an ominous first sign that the country’s recession will extend into the second half... 2nd September 2015 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMI (Aug.) The drop in August’s manufacturing PMIs from both Brazil and Mexico follows the pattern set in other countries around the globe last month and will feed concerns about a more general downturn in the... 1st September 2015 · 1 min read
Latin America Data Response Brazil GDP (Q2) The 1.9% q/q fall in second quarter GDP in Brazil was broadly in line with our forecast but a bit worse than the consensus had expected. To compound matters, revisions to the back series mean that the... 28th August 2015 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Aug.) The drop in Mexican inflation in the first half of the month suggests that the sharp fall in the peso is still having little impact on domestic price pressures. While the recent sell-off in the... 24th August 2015 · 1 min read
Latin America Data Response Brazil IPCA-15 (Aug.) Data to mid-August provide a glimmer of hope that the big month-on-month increases in consumer prices in Brazil are now behind us. In year-on-year terms, inflation should peak this month, but it will... 21st August 2015 · 1 min read
Latin America Data Response Mexico GDP (Q2) Second quarter GDP data from Mexico were a bit better than expected but don’tchange the bigger picture that economic growth in the first half of the year wasdisappointingly weak. There is some... 20th August 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q2) The small fall in Chile’s GDP in the second quarter was partly the result of floods in the north of the country, but not entirely. All components of domestic demand contracted, suggesting that the... 18th August 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Jun.) Following a temporary blip in May, economic activity in Peru picked up sharply in June. And thanks to the strength of today’s data, GDP over Q2 a whole probably grew at its fastest pace in annual... 14th August 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Jun.) A rebound in Mexican industrial production in June was always likely given the sharp fall in output in May. But the industrial sector probably made a meagre contribution to GDP growth over Q2 as a... 11th August 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jul.) The fall in Mexican inflation in July to a new record low of 2.7% y/y brought further evidence that the continued depreciation of the peso isn’t fuelling price pressures. With inflation falling... 7th August 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jul.) The further rise in Brazilian inflation last month to a twelve-year high of 9.6% y/y underscores the need for policymakers to keep interest rates high, even if – as they have signalled – the... 7th August 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Jun.) June’s industrial production data from Brazil, while better than expected, are still consistent with GDP falling by the most since the depths of the global financial crisis in Q2. 4th August 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Jun.) Activity data from Chile were stronger than expected in June but, as a result of softer figures for April and May, we still think that GDP growth in Q2 will be weaker than in Q1. 30th July 2015 · 1 min read
Latin America Data Response Mexico IGAE (May) Mexico’s IGAE Activity Indicator for May was weak and suggests that economic growth is on course to slow to a sluggish 2.0% y/y in Q2, from 2.5% y/y in Q1. Nevertheless, we expect the economy to... 24th July 2015 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Jul.) The continued decline in inflation in Mexico in the first half of this month should further dispel fears that a weaker currency will have any meaningful impact on the headline rate. With inflation... 23rd July 2015 · 1 min read
Latin America Data Response Brazil IPCA-15 (Jul.) The further rise in Brazil’s inflation in the first half of this month means that another 50bp hike in the Selic interest rate at next week’s COPOM meeting is almost a certainty. But there are signs... 22nd July 2015 · 1 min read
