Latin America Data Response Brazil & Mexico Manufacturing PMIs (Oct.) October’s PMI survey suggests that Brazilian manufacturing will continue to contract in year-on-year terms as we head into 2015. By contrast, the survey offers further evidence that Mexican... 3rd November 2014 · 1 min read
Latin America Economics Update Brazil’s central bank tries to claw back lost credibility The surprise decision by Brazil’s central bank to raise interest rates now, rather than waiting for Dilma Rousseff’s new government to take shape, is an early sign that tackling inflation could be... 30th October 2014 · 1 min read
Latin America Chart Pack Markets suffer as Brazil elections deliver more of the same After a rollercoaster campaign that at times had promised to deliver a much-needed shift in economic policy, presidential elections in Brazil ultimately delivered more of the same. Dilma Rousseff was... 28th October 2014 · 1 min read
Latin America Economics Update Dilma scrapes home, quashing hopes of policy shift in Brazil Dilma Rousseff's narrow victory in yesterday’s presidential run-off in Brazil has dented hopes that the elections might deliver much-need economic policy reforms. Growth in Ms. Rousseff’s first term... 27th October 2014 · 1 min read
Commodities Update Coffee market set to tighten Notwithstanding the possibility of consecutive weather-damaged harvests in Brazil, given the combination of this year’s fall in Brazilian output in advance of an “off” year, and pressure on stocks as... 24th October 2014 · 1 min read
Latin America Economics Update Brazil Election Watch: into the final straight The latest polls suggest that this weekend’s run-off in Brazil’s presidential election is still too close to call, which we suspect favours the incumbent, Dilma Rousseff, over the challenger, Aécio... 23rd October 2014 · 1 min read
Latin America Economics Update Brazil's economy probably stagnated in Q3 Activity data for August contain some evidence that conditions in Brazil’s beleaguered economy may have started to improve. But as things stand it seems the best we can hope for is that GDP in the... 16th October 2014 · 1 min read
Latin America Economics Update Lower commodity prices and what they mean for Lat Am Fresh falls in global commodity prices in recent weeks have stoked concerns about how Latin America will fare as the tailwinds from the global commodities boom fade. The short point is that regional... 13th October 2014 · 1 min read
Latin America Economics Update Rise in Mexican investment has further to run Stronger investment spending looks set to underpin faster economic growth in Mexico over the coming years. So in contrast to Brazil where weak investment has caused capacity constraints to build and... 9th October 2014 · 1 min read
Latin America Economics Update Latest rise in Brazilian inflation gives ammunition to Neves The latest rise in Brazilian inflation, which has pushed it further above the upper bound of the central bank’s target range, will give further ammunition to Aécio Neves ahead of his run-off against... 8th October 2014 · 1 min read
Latin America Economics Update Brazil Election Watch – heading to a second round No candidate looks set to secure a majority in the first round of voting in Brazil’s presidential election this Sunday, meaning that the race is all but certain to extend to a second round run-off... 2nd October 2014 · 1 min read
Latin America Economics Update Brazilian industry under pressure, but Mexico is on the up The September manufacturing PMI for Brazil gives little hope that the economy snapped out of recession in the third quarter. Meanwhile, in Mexico, PMI surveys both at home and in the US continue to... 1st October 2014 · 1 min read
Latin America Economics Update Lat Am markets suffer more than most in latest EM sell-off Markets in Latin America have been hit particularly hard in the latest EM sell-off. A combination of factors has been responsible, including falling commodity prices and a renewed focus on the likely... 30th September 2014 · 1 min read
EM Valuations Monitor Emerging Markets Market Valuation Monitor Since the end of August, emerging market currencies have generally depreciated against the US dollar. The Brazilian real has been the worst performer among those that we track. Although the real... 29th September 2014 · 1 min read
Latin America Chart Pack Growth concerns come to the fore The past month has seen renewed concerns about the growth outlook for much of Latin America. GDP in the region grew by just 1.1% y/y in Q2 and the available data so far point to a similar pace of... 26th September 2014 · 1 min read
Latin America Economics Update Brazil debt risks: private sector still poses the greatest threat Some commentators have argued that the deterioration in Brazil’s public finances in recent years has raised the risk of a fiscal crisis during the next presidential term, which runs from 2015 to 2019... 26th September 2014 · 1 min read
