Latin America Data Response Chile IMACEC (Apr.) The smaller-than-expected increase in Chile’s IMACEC activity indicator in April was almost entirely due to severe floods in the north of the country. Sharp falls in mining and construction, caused by... 5th June 2015 · 1 min read
Latin America Economics Update Markets in Brazil and Colombia suffer fresh falls Following a brief recovery last month, Brazilian and Colombian financial markets have sold off in recent weeks, with both equities and currencies coming under pressure. But elsewhere in Latin America... 27th May 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q1) First quarter GDP and balance of payments data from Chile add to evidence that the economy is on the mend. Not only did quarterly GDP growth accelerate but the current account also registered a... 18th May 2015 · 1 min read
Latin America Economics Update Chile and Peru happy to play a waiting game The fact that the timetable for rate “lift-off” in the US seems to have been pushed back in recent weeks has relieved pressure on policymakers in both Chile and Peru to follow suit and tighten policy... 15th May 2015 · 1 min read
Latin America Economic Outlook Recovery stalls as Brazil suffers renewed downturn The recovery that appeared to be underway in Latin America at the end of last year has faded in recent months, with several of the region’s economies experiencing renewed downturns. The latest... 13th May 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Apr.) Brazil inflation edged up again last month but, with the big increases in regulated prices now over, it is probably close to peaking. Meanwhile in Chile, inflation continues to grind lower and should... 8th May 2015 · 1 min read
Latin America Economics Update Brazil heads deeper into the fiscal mire It is, in truth, too soon to expect any improvement in Brazil’s public finances as a result of the belt-tightening measures introduced over the past few months, but the fact that the fiscal position... 7th May 2015 · 1 min read
Latin America Data Response Chile IMACEC (Mar.) The month-on-month fall in Chile’s IMACEC activity indicator in March was due largely to severe floods in the north of the country, which disrupted activity and led to the temporary closure of many... 5th May 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Mar.) The raft of weak activity data for Chile, while disappointing, are unlikely to have prevented a robust expansion of GDP in Q1. We suspect that much of last month’s weakness can be explained by the... 29th April 2015 · 1 min read
Latin America Economics Update Chile: policy tightening not imminent Interest rates in Chile were left unchanged at 3.00% last night and despite the central bank adopting a relatively more hawkish tone than a couple of months ago in its statement accompanying the... 17th April 2015 · 1 min read
Latin America Economics Focus Chile set to shift into tightening mode Concerns about the recent strength of inflation in Chile are partly overdone given that it has been elevated by tax hikes which will unwind over the next year. But a relatively buoyant labour market... 3rd April 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Feb.) The fall in industrial output in annual terms last month, while disappointing, is unlikely to derail Chile’s incipient economic recovery. The monthly data are volatile, the consumer side of the... 31st March 2015 · 1 min read
Latin America Chart Pack Currency sell-off puts paid to further policy loosening Currencies in Latin America have regained some ground over the past week, but have still typically fallen by between 10-20% against the dollar over the past six months. The risk that the slide in... 26th March 2015 · 1 min read
Latin America Economics Update Bank of Chile likely to bide its time Interest rates in Chile were left unchanged at 3% last night but the accompanying statement revealed a subtle shift in tone from the central bank, which now seems to think that inflation is likely to... 20th March 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q4) GDP growth in Chile accelerated in both quarterly and annual terms in the final quarter of last year, driven by strong government spending and a sharp pick-up in investment. What’s more, the current... 18th March 2015 · 1 min read
Latin America Data Response Brazil & Chile Consumer Prices (Feb.) Brazilian inflation surged to its highest annual rate in a decade last month and the relentless increase, coupled with the recent sell-off in the real, bolsters the case for interest rate hikes to... 6th March 2015 · 1 min read
