Latin America Data Response Brazil Industrial Production (Jan.) The larger-than-expected 2.4% m/m fall in Brazilian industrial production in January almost fully reversed the gains made towards the end of last year. And taken together with weak surveys for... 9th March 2022 · 2 mins read
Latin America Data Response Brazil GDP (Q4 2021) The stronger-than-expected 0.5% q/q rise in Brazilian GDP in Q4 was mainly a result of turnaround in the agricultural sector, which is unlikely to be sustained. And in the meantime, high-frequency... 4th March 2022 · 2 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Feb.) The small rise in Mexico’s headline inflation rate to 7.2% y/y over the first half of February was driven by a jump in core inflation to 6.5% y/y, suggesting the central bank is struggling in its... 24th February 2022 · 2 mins read
Latin America Data Response Brazil IPCA-15 (Feb. 2022) The stronger-than-expected rise in Brazil’s inflation to 10.8% y/y over the first half of February is likely to mean that the central bank’s tightening cycle has much further to run. We expect a... 23rd February 2022 · 2 mins read
Latin America Data Response Colombia GDP (Q4) The stronger-than-expected 4.3% q/q surge in Colombia’s GDP in Q4 took output back to its pre-pandemic trend, confirming the recovery has been one of the quickest in the region. Although we still... 15th February 2022 · 2 mins read
Latin America Data Response Mexico Industrial Production (Dec.) The solid 1.2% m/m rise in Mexico’s industrial production in December was partly driven by a strong rise in auto production as global supply shortages eased. However, Omicron-related disruption will... 11th February 2022 · 2 mins read
Latin America Data Response Brazil & Mexico CPI (Jan.) The fall in Mexican inflation to 7.1% y/y suggests that the headline rate has peaked, but the central bank will remain concerned about rising core inflation. As such, we expect another 50bp rate hike... 9th February 2022 · 2 mins read
Latin America Data Response Brazil Industrial Production (Dec.) A chunky rise in Brazil’s motor vehicle production supported a much stronger-than-expected 2.9% m/m increase in industrial production in December and means that the economy may have just exited from... 2nd February 2022 · 2 mins read
Latin America Data Response Mexico GDP (Q4 Prov.) The 0.1% q/q fall in Mexico’s GDP in Q4 confirmed that the economy slipped into a recession over the second half of 2021, and we think growth this year will be weaker than most expect. Despite the... 31st January 2022 · 3 mins read
Latin America Data Response Brazil IPCA-15 (Jan. 2022) The stronger-than-expected Brazilian mid-month inflation reading for January, of 10.2% y/y, means that the central bank is on course to hike the Selic rate by another 150bp (to 10.75%) next Wednesday... 26th January 2022 · 2 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Jan.) The fall in Mexico’s inflation to 7.1% y/y in the first two weeks of the year gave the first sign that inflation has peaked and we think that it will continue to trend lower over the coming months... 24th January 2022 · 2 mins read
Latin America Data Response Mexico Industrial Production (Nov.) The disappointing 0.1% m/m fall in Mexican industrial production in November raises the chances that the economy slipped into a recession last quarter. And while auto production looks to have... 11th January 2022 · 2 mins read
Latin America Data Response Brazil IPCA (Dec.) The fall in Brazilian inflation to a four-month low of 10.1% y/y in December confirmed that the recent food and energy inflation spikes are starting to unwind. But with the headline rate still far... 11th January 2022 · 2 mins read
Latin America Data Response Mexico & Chile Consumer Prices (Dec.) Inflation in Mexico stabilised at 7.4% y/y in December and, with price pressures likely to remain strong, we expect Banxico to deliver another 50bp rate hike, to 6.00%, at its meeting in February... 7th January 2022 · 2 mins read
Latin America Data Response Brazil Industrial Production (Nov.) The 0.2% m/m fall in Brazilian industrial production in November, taken together with the weak surveys for December, suggests that the sector probably knocked 0.1-0.2%-pts off q/q GDP growth in Q4... 6th January 2022 · 2 mins read
Latin America Data Response Brazil & Mexico Mid-Month CPI (Dec.) The fall in Brazilian inflation, to 10.4% y/y, in mid-December is likely to be followed by further declines in the coming months. Inflation in Mexico edged up in the same period, to 7.45% y/y, but we... 23rd December 2021 · 2 mins read
