Latin America Data Response Mexico Industrial Production (Dec.) Mexican industrial production growth accelerated to 3.0% y/y in December and it should continue to pick-up over the coming months as the manufacturing sector benefits from stronger US demand and the... 11th February 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jan.) Mexican inflation fell to a three-and-a-half year low of 3.1% in January and looks set to remain close to the central bank’s 3% target throughout 2015-16. As a result, monetary policy is likely to... 9th February 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Jan.) The sharp rise in Brazilian inflation to 7.1% last month was driven by a combination of higher food prices, caused by the continuing droughts, and increases in regulated prices as part of the... 6th February 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Dec.) The huge 2.8% m/m fall in Brazilian industrial production in December was caused by a collapse in capital goods production, which tends to be extremely volatile. Even so, the underlying picture... 3rd February 2015 · 1 min read
Latin America Data Response Brazil Manufacturing PMI (Jan.) Brazil’s manufacturing PMI rose to a 12-month high in January but we wouldn’t read too much into this – the relationship between the headline PMI and the hard monthly data on industrial production is... 2nd February 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Dec.) December’s activity data suggest that economic growth in Chile recovered in the fourth quarter of last year. But the bigger picture is that growth over 2014 as a whole was probably just 1.8%, the... 29th January 2015 · 1 min read
Latin America Data Response Mexico Industrial Production (Nov.) Mexican industrial production growth slowed in November, but the bigger picture is that both the manufacturing and construction sectors are performing well and should continue to do so. As such... 9th January 2015 · 1 min read
Latin America Data Response Brazil Consumer Prices (Dec.) The drop in Brazilian inflation in December was enough to ensure that the central bank met its target for 2014 but doesn’t spell the end of the country’s inflation battle. We expect it grind lower... 9th January 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Dec.) Mexican inflation fell for the second consecutive month in December, confirming that it has peaked. We expect the CPI rate to fall further over the coming months, and to remain close to the central... 8th January 2015 · 1 min read
Latin America Data Response Brazil Industrial Production (Nov.) & Chile CPI (Dec.) The sharp fall in Brazil industrial production in November leaves it on course to contract in Q4 and suggests the economy ended 2014 on a predictably weak footing. GDP is likely to have done little... 8th January 2015 · 1 min read
Latin America Data Response Brazil IPCA-15 Consumer Prices (Dec.) & Unemp. (Nov.) Data to the middle of this month suggest that inflation is on track to fall back within target range in December. However, we doubt that this will be enough to prevent policymakers from raising... 19th December 2014 · 1 min read
Latin America Data Response Colombia GDP (Q3) Colombia maintained a relatively strong pace of growth in the third quarter, seemingly driven by construction and agriculture. However, given the recent oil price falls, we expect the economy to lose... 15th December 2014 · 1 min read
Latin America Data Response Mexico Industrial Production (Oct.) Another fall in mining output meant that Mexican industrial production growth was weaker-than-expected in October. But the bigger picture is that the rest of the industrial sector continued to perform... 12th December 2014 · 1 min read
Latin America Data Response Mexico Consumer Prices (Nov.) The slight fall in Mexican inflation to 4.2% y/y last month suggests that the CPI rate has peaked and that it is on course to fall to the central bank’s 3% target by the second quarter of next year. 9th December 2014 · 1 min read
Latin America Data Response Brazil Consumer Prices (Nov.) The 0.5% m/m increase in consumer prices in Brazil in November was enough to keep the annual rate of inflation above the upper bound of the central bank’s target range for the fourth consecutive month... 5th December 2014 · 1 min read
Latin America Data Response Brazil Industrial Production (Oct.) Having only just managed to limp out of recession in Q3, October’s industrial production data suggest that Brazil’s economy continued to struggle at the start of Q4. 2nd December 2014 · 1 min read
