Latin America Rapid Response Mexico Industrial Production (Aug.) Mexico’s industrial sector posted a modest 0.3% m/m rise in output in August as another jump in construction output more than offset renewed weakness in manufacturing. But more timely indicators... 12th October 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA (September 2023) The further rise in Brazilian inflation to 5.2% y/y probably marks the peak in this mini-inflation cycle and the headline rate should fall back again in the coming months, allowing the central bank to... 11th October 2023 · 2 mins read
Latin America Rapid Response Brazil Industrial Production (August 2023) The 0.4% m/m rise in Brazilian industrial production in August failed to fully offset the decline in July and suggests that the sector was as a drag on growth in Q3. Services sectors are faring better... 3rd October 2023 · 2 mins read
Latin America Rapid Response Mexico Interest Rate Announcement (Sep.) Mexico’s central bank, as widely expected, left its policy rate unchanged at 11.25% at today’s Board meeting and the accompanying statement remained very hawkish. We think Banxico will be the last... 28th September 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 & Copom Minutes (September 2023) The jump in Brazilian inflation to 5.0% y/y in the first half of September, taken together with the more cautious tone of the minutes to last week’s central bank meeting, supports our view that the... 26th September 2023 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Sep.) Mexico’s headline inflation rate came in a little weaker than expected at 4.4% y/y in the first half of September while services inflation remained elevated. Coming alongside strong wage growth and... 22nd September 2023 · 3 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Sep.) The Brazilian central bank’s (BCB’s) 50bp cut in the Selic rate (to 12.75%) and accompanying statement are likely to dash hopes that policymakers will up the pace of the easing cycle, at least in the... 20th September 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA (August 2023) The rise in Brazilian inflation to 4.6% y/y in August won’t prevent the central bank from delivering another 50bp cut, to 12.75% when it meets later this month. But with core services inflation, which... 12th September 2023 · 2 mins read
Latin America Rapid Response Mexico Industrial Production (Jul.) Mexico’s industrial sector posted a slightly larger-than-expected 0.5% m/m increase in output in July and the survey evidence suggests that activity continued to hold up well in August. But we still... 11th September 2023 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Aug.) Mexico’s headline inflation rate edged down again in August, to 4.6% y/y, on the back of softer core price pressures but, with services inflation still proving stubborn, Banxico is unlikely to begin... 7th September 2023 · 2 mins read
Latin America Rapid Response Brazil Industrial Production (July 2023) The larger-than-expected 0.6% m/m decline in Brazilian industrial production in July, taken together with weakness in some of the surveys for August, suggests that the sector may contract in q/q terms... 5th September 2023 · 2 mins read
Latin America Rapid Response Brazil GDP (Q2 2023) The much faster-than-expected Brazilian Q2 GDP growth figure of 0.9% q/q suggests that the economy is in stronger health than many – ourselves included – had thought. We think growth will be weaker... 1st September 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (August 2023) The jump in Brazilian inflation to a higher-than-expected 4.2% y/y in the middle of the month (and the prospect of further increases over the rest of Q3) are likely to dash hopes that the central bank... 25th August 2023 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Aug.) Mexico’s headline inflation rate declined further in the first half of August, but sticky services inflation will remain a concern for the central bank. This, alongside hawkish comments from officials... 24th August 2023 · 2 mins read
Latin America Rapid Response Chile GDP (Q2 2023) Chile’s GDP contracted by a shallower-than-expected 0.3% q/q in Q2, but the fall in output alongside downwards revisions to GDP growth in Q4 and Q1 will keep the door open for the central bank to... 18th August 2023 · 3 mins read
