Latin America Economics Update Brazilian industry still feeling the squeeze A further drop in the PMI manufacturing survey last month suggests that the outlook for Brazilian industry has continued to weaken. Relentless appreciation of the real is squeezing the tradable sector... 2nd August 2011 · 1 min read
Latin America Chart Pack Interest rates close to peaking Policymakers in most of Latin America’s inflation-targeting countries have begun to signal an end to the current cycle of monetary tightening. In the very near term, we still expect the combination of... 28th July 2011 · 1 min read
Latin America Economics Update The next big move in Brazilian rates will be down The Brazilian Central Bank (BCB) hiked interest rates by 25bps to 12.50% last night. The tone of the accompanying statement suggests that rates may now have peaked, although we wouldn’t rule out... 22nd July 2011 · 1 min read
Latin America Economics Update Rates should peak this year The recent spike in food inflation has a little further to run and, in most economies, core inflation pressures are building. But even so we still expect headline inflation to start to fall in pretty... 19th July 2011 · 1 min read
Latin America Economics Update Brazil: credit where credit’s due? The debate about whether or not Brazil is in the midst of a consumer credit bubble has reached fever pitch over the past few days. Our view is that the current pace of credit growth is unsustainable... 13th July 2011 · 1 min read
Latin America Economics Update Fresh controls unlikely to signal end of Brazil’s ‘currency war’ News that Brazil is planning a range of new measures to stem the rise in the real hit the currency yesterday but any such action is unlikely to have a lasting impact. 7th July 2011 · 1 min read
Latin America Economics Update Brazilian industry still struggling to keep up The sharp rise in Brazilian industrial production in May largely reflects a rebound from the drop in output seen in April. The sector has broadly stagnated over the past couple of months and the fall... 2nd July 2011 · 1 min read
Latin America Chart Pack Markets continue to struggle Financial markets across Latin America have had a fairly torrid time over the past month or so. Fears of a renewed global slowdown and a subsequent drop in commodity prices, along with worries about... 30th June 2011 · 1 min read
Latin America Economics Update Worrying signs from Brazil's current account The fact Brazil is spending its windfall from higher commodity prices – plus more – is good news for the global economy, but carries significant risks for the country itself. In particular, it means... 23rd June 2011 · 1 min read
Latin America Economics Update Food price shock still has a little further to run Central bankers – and some in the markets – appear increasingly hopeful that the recent spike in food price inflation, which has driven headline inflation above its target in pretty much every country... 17th June 2011 · 1 min read
Latin America Economics Update Brazil: Interest rates hiked, BCB signals more to come The Brazilian Central Bank (BCB) hiked interest rates by 25bps to 12.25% last night. With inflation, which exceeded the Bank’s target range last month, set to rise further, additional increases are... 9th June 2011 · 1 min read
Latin America Economics Update Brazil: Above-target inflation strengthens the case for a rate hike Brazilian inflation rose above the upper band of the Central Bank’s (BCB’s) 4.5±2% target range in May. Inflation is likely to remain above target until the second half of next year. Accordingly... 7th June 2011 · 1 min read
Latin America Economics Update Brazil GDP growth to remain unbalanced Although Brazilian GDP growth was around its potential rate of 4-5% y/y in Q1, underlying concerns about imbalances remain. With domestic demand driving growth and inflation likely to have exceeded... 3rd June 2011 · 1 min read
Latin America Economics Update Brazilian industry still feeling the strain of a strong real While Brazil’s industrial sector appears to have made a decent contribution to growth in Q1, it seems that it will be a drag in Q2 and perhaps beyond. Manufacturers are being squeezed by the ongoing... 1st June 2011 · 1 min read
Latin America Chart Pack Domestic demand drives decent Q1 growth First quarter GDP data released over the past month confirm what we already knew – most countries in Latin America experienced a strong start to 2011. The problem, however, is that growth is still... 31st May 2011 · 1 min read
Latin America Economic Outlook Domestic demand set to drive growth The growth outlook for Latin America remains good. GDP growth is likely to slow a little over the coming quarters as external demand weakens and commodity prices come off of the boil, but the domestic... 26th May 2011 · 1 min read
