Latin America Data Response Mexico Industrial Production (Feb.) Mexican industrial production rebounded in February, largely due to an encouraging rise in manufacturing output. However, the bigger picture is that industrial production has had a soft start to the... 10th April 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Mar.) Inflation in Mexico remained close to the central bank’s 3% target last month and we expect it to remain around there over the next eighteen months. The benign inflation outlook, combined with recent... 9th April 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Feb.) The best that can be said about February’s industrial production data from Brazil is that the fall in output was not quite as large as some had feared. Production was affected by a strike in the... 2nd April 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Feb.) The fall in industrial output in annual terms last month, while disappointing, is unlikely to derail Chile’s incipient economic recovery. The monthly data are volatile, the consumer side of the... 31st March 2015 · 1 min read
Latin America Data Response Brazil GDP (Q4) The better-than-expected 0.3% q/q increase in Brazilian GDP in Q4 will get the headlines, but an excessive reliance on over-stretched consumers to drive growth remains a concern. Meanwhile, revisions... 27th March 2015 · 1 min read
Latin America Data Response Brazil Current Account (Feb.) February’s balance of payments data will do little to ease investor’s concerns about Brazil’s current account deficit. Although the 12-month rolling deficit narrowed a touch in dollar terms, it... 24th March 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q4) GDP growth in Chile accelerated in both quarterly and annual terms in the final quarter of last year, driven by strong government spending and a sharp pick-up in investment. What’s more, the current... 18th March 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Jan.) Mexican industry made a disappointing start to the year, but with demand from the US likely to strengthen and a weaker peso set to boost the external competitiveness of exporters, we still expect the... 13th March 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Feb.) Mexican inflation edged down to 3.0% y/y in February and there is still little evidence to suggest that a weaker peso is feeding through to higher inflation. Inflation should remain close to the... 9th March 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Feb.) Brazilian inflation surged to its highest annual rate in a decade last month and the relentless increase, coupled with the recent sell-off in the real, bolsters the case for interest rate hikes to... 6th March 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Jan.) The 2.0% m/m rise in Brazilian industrial production in January looks encouraging, but a rebound was always expected after the sharp 3.2% m/m drop last month. And the bigger picture is that industrial... 4th March 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Jan.) A strong rebound in mining output led to a sharp rise in industrial production in January. But mining output is volatile and we wouldn’t read too much into this. Even so, there are signs from the rest... 27th February 2015 · 1 min read
Latin America Data Response Brazil IPCA-15 Consumer Prices (Feb.) A further sharp rise in Brazilian inflation in the first half of February has tipped the balance towards another 50bp increase in the Selic interest rate at next month’s central bank meeting, rather... 24th February 2015 · 1 min read
Latin America Data Response Peru GDP (Q4) Although annual GDP growth in Peru dropped to a five-year low in the fourth quarter of last year, an encouraging rebound in investment and private consumption drove a sharp pick-up in the quarterly... 20th February 2015 · 1 min read
Latin America Data Response Mexico GDP (Q4) Mexican GDP growth accelerated to 2.6% y/y in the fourth quarter of last year, but the economy has yet to really take off. With fiscal policy set to be tightened further over the course of this year... 20th February 2015 · 1 min read
Latin America Data Response Peru Economic Activity (Dec.) December’s activity data suggest that economic growth in Peru dropped to a five-year low in the fourth quarter of last year. A fiscal stimulus will start to bear fruit in early 2015, but weak data... 16th February 2015 · 1 min read
