Latin America Rapid Response Mexico GDP (Q2 Prov.) The 0.9% q/q rise in Mexican GDP last quarter followed a strong Q1 and showed that Mexico’s economy was more resilient in the first half of the year than we’d expected. That said, we think that weaker... 31st July 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (July 2023) The Brazilian July mid-month inflation reading of 3.2% y/y suggests that price pressures are weaker than we and most others had thought. While we still think it’s most likely that the central bank... 25th July 2023 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Jul.) Mexico’s headline inflation rate eased further in the first half of July but the fresh rise in services inflation will be a concern for Banxico officials. The tightening cycle is unlikely to be... 24th July 2023 · 2 mins read
Latin America Rapid Response Mexico Industrial Production (May) The stronger-than-expected 1.0% m/m rise in Mexican industrial production in May means that the sector has now reversed all of the decline in output recorded in March. And more timely indicators point... 12th July 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA (June 2023) The sharp fall in Brazilian inflation to just 3.2% y/y last month makes it almost certain that the central bank will kick off its easing cycle at its next meeting on 2nd August. We have pencilled in a... 11th July 2023 · 2 mins read
Latin America Data Response Chile & Mexico Consumer Prices (Jun.) The larger-than-expected decline in inflation in Chile to an 18-month low of 7.6% in June seals the deal on an interest cut at the central bank’s next meeting later this month. If anything... 7th July 2023 · 3 mins read
Latin America Rapid Response Brazil Industrial Production (May 2023) The weaker-than-expected 0.3% m/m rise in Brazilian industrial production in May only partly reverses April’s 0.6% m/m decline and suggests that industry remained weak over the course of the second... 4th July 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (June 2023) & Copom Minutes The fall in Brazilian inflation to just 3.4% y/y in the first half of this month, coupled with the surprisingly dovish tilt on Copom shown in the minutes to the last meeting, have prompted us to... 27th June 2023 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Jun.) The further decline in Mexico’s headline inflation to 5.2% y/y in the first half of June will comfort policymakers at Banxico and ensure that interest rates are left on hold at 11.25% later today... 22nd June 2023 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (May) Headline inflation in Mexico dropped to a 21-month low of 5.8% y/y in May and will continue to decline over the coming months. That said, the strong labour market and rapid wage growth mean that... 8th June 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA (May 2023) The fall in Brazilian inflation to 3.9% y/y in May, alongside the government’s new fiscal framework, has strengthened the arguments in favour of near-term monetary easing. But with inflation set to... 7th June 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (May 2023) The surprise fall in Brazilian inflation to 4.1% y/y in the first half of May, coming alongside this week’s approval of the new fiscal framework in the lower house of congress, suggests that the... 25th May 2023 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Mar 2023.) Mexico’s headline inflation rate dropped back by more than expected, to 7.1% y/y, in the first half of March but the further rise in services inflation will continue to concern policymakers at Banxico... 23rd March 2023 · 3 mins read
