Latin America Data Response Peru Economic Activity (May) Economic activity in Peru slowed sharply in May, but the recovery still looks to be on track and GDP growth is still likely to pick up in Q2. 15th July 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (May) The fall in Mexican industrial production in May was disappointing and almost certainly suggests that economic growth in Q2 will be even weaker than Q1’s lacklustre performance. That means the risks... 10th July 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jun.) June’s inflation data from Mexico contain no signs that a weaker peso is fuelling price pressures. With inflation still below target, policymakers have room to keep interest rates low even if the Fed... 9th July 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jun.) The rise in inflation in Brazil to 8.9% y/y last month probably seals the deal for another 50bp hike in the benchmark Selic interest rate at this month’s COPOM meeting. Elsewhere, inflation in Chile... 8th July 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (May) The 0.6% m/m increase in Brazil industrial production in May supports the message from last month’s PMI (released yesterday) that the economy could be nearing a bottom. We wouldn’t get too carried... 2nd July 2015 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMI (Jun.) June’s manufacturing PMIs from Latin America were the proverbial mixed bag. The good news is that the pace of contraction in Brazil’s manufacturing sector seems to be easing. More ominously, the PMI... 1st July 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (May) Activity data from Chile released today were a mixed bag – while retail spendingremained buoyant, industrial output fell sharply. All told, the recent run of softerdata means that our GDP Tracker is... 30th June 2015 · 1 min read
Latin America Data Response Mexico IGAE (Apr.) & Bi-Weekly CPI (Jun.) Activity data from Mexico for April suggest that, after a weak Q1, the economy has continued to struggle at the start of Q2. In better news, inflation data to the middle of the month, also released... 24th June 2015 · 1 min read
Latin America Data Response Brazil IPCA-15 (Jun.) & Econ. Act. (Apr.) Brazil’s economic data are going from bad to worse. Figures to the middle of this month suggest that inflation is now running at close to 9% y/y. Meanwhile, the central bank’s Economic Activity... 19th June 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Apr.) The stronger-than-expected Peruvian economic activity data for April were encouraging and, while the monthly numbers are volatile, figures released over the past few months show a clear trend towards... 15th June 2015 · 1 min read
Latin America Data Response Colombia GDP (Q1) The slowdown in GDP growth in Colombia in the first quarter was not as bad as some had feared, but it was still a weak outturn. And with the full effects of the fall in oil prices yet to feed through... 12th June 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Apr.) The slowdown in annual industrial production growth in Mexico in April was due overwhelmingly to a renewed downturn in the mining sector. In contrast, there are tentative signs that the manufacturing... 11th June 2015 · 1 min read
Latin America Data Response Brazil Consumer Prices (May) The larger-than-expected rise in Brazilian inflation to 8.5% y/y last month was driven entirely by an increase in food inflation as well as regulated price hikes. Meanwhile, the infrastructure... 10th June 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (May) If there were any lingering concerns that the weaker peso might trigger a rise in inflation in Mexico, the fact that CPI fell to below its 3% target last month should quash them. This supports our... 9th June 2015 · 1 min read
Latin America Data Response Chile Consumer Prices (May) The further decline in inflation in Chile last month means that the annual rate is now right on the upper bound of the target range, having spent over a year above the 4% threshold. The continued fall... 8th June 2015 · 1 min read
Latin America Data Response Chile IMACEC (Apr.) The smaller-than-expected increase in Chile’s IMACEC activity indicator in April was almost entirely due to severe floods in the north of the country. Sharp falls in mining and construction, caused by... 5th June 2015 · 1 min read
