Latin America Data Response Brazil Industrial Production (Apr.) We’re running out of words to describe just how bad conditions are in Brazil’s industrial sector. The fall in production in April means that industry has now contracted in five of the past six months... 2nd June 2015 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMI (May) May’s manufacturing PMIs from Latin America make for pretty gloomy reading, with the headline indices in both Brazil and Mexico edging down. It’s worth noting that neither series has been a... 1st June 2015 · 1 min read
Latin America Data Response Brazil GDP (Q1) Brazil’s economy contracted in Q1, but the decline was smaller than expected thanks to a large positive contribution from net exports. With the news from the real economy not quite as grim as had been... 29th May 2015 · 1 min read
Latin America Data Response Mexico GDP (Q1) The slowdown in Mexican GDP growth in the first quarter of this year was due almost entirely to weakness in industry, which has been affected by problems in the mining sector as well as softer growth... 21st May 2015 · 1 min read
Latin America Data Response Brazil Economic Activity Indicator (Mar.) Brazil’s Economic Activity Indicator was up by 0.5% y/y in March – an improvement on the 4.1% y/y fall registered in February, but still consistent with a contraction in GDP of 1.5% y/y over Q1 as a... 21st May 2015 · 1 min read
Latin America Data Response Peru GDP (Q1) Although annual GDP growth in Peru picked up in the first quarter of this year, in q/q terms growth eased a touch. Even so, we're not overly concerned – the quarterly data are volatile and, while the... 21st May 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q1) First quarter GDP and balance of payments data from Chile add to evidence that the economy is on the mend. Not only did quarterly GDP growth accelerate but the current account also registered a... 18th May 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Mar.) Industrial production data for March were a bit softer than expected and suggest that Mexico’s economy grew by a disappointing 0.3% q/q or so in the first quarter. There are some signs that weather... 12th May 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Apr.) Brazil inflation edged up again last month but, with the big increases in regulated prices now over, it is probably close to peaking. Meanwhile in Chile, inflation continues to grind lower and should... 8th May 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Apr.) Annual inflation in Mexico held steady at 3.1% for the second consecutive month in April and the recent stabilisation of the peso against the dollar should help to ease fears that inflation will... 7th May 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Mar.) Brazil’s industrial sector contracted once again in March, meaning that output fell by around 2.3% in the first quarter of this year. Other sectors of the economy have fared slightly better in recent... 6th May 2015 · 1 min read
Latin America Data Response Chile IMACEC (Mar.) The month-on-month fall in Chile’s IMACEC activity indicator in March was due largely to severe floods in the north of the country, which disrupted activity and led to the temporary closure of many... 5th May 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Mar.) The raft of weak activity data for Chile, while disappointing, are unlikely to have prevented a robust expansion of GDP in Q1. We suspect that much of last month’s weakness can be explained by the... 29th April 2015 · 1 min read
Latin America Data Response Mexico Retail Sales (Feb.) The pick-up in retail sales growth in February suggests that consumer spending in Mexico has strengthened in the early months of this year, even if problems in the mining sector have weighed on wider... 24th April 2015 · 1 min read
Latin America Data Response Mexico IGAE (Feb.) & Bi-Weekly CPI (Apr.) Activity data from Mexico for February were a little weaker than expected and leave the economy on course to grow by a relatively sluggish 2.5% y/y in the first quarter of the year. There is better... 23rd April 2015 · 1 min read
Latin America Data Response Brazil Current Account (Mar.) Changes to the methodology that Brazil uses to produce its balance of payments data have resulted in an even larger current account deficit. However, the impact on financial markets – and the currency... 22nd April 2015 · 1 min read
