Latin America Data Response Mexico Manufacturing PMI (Jun.) The decline in Mexico’s manufacturing PMI to almost a three-year low in June confirms that the sector is struggling for momentum, but with other more reliable leading indicators – such as the US ISM... 1st July 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Apr.) The 1.9% y/y rebound in Mexican industrial production confirms that last month’s sharp drop was largely due to working day effects. But the underlying picture is that the sector remains the weak spot... 10th June 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (May) The modest rise in Mexican inflation in May, to 2.6% y/y from 2.5% y/y in April, in itself is unlikely to have much of a bearing on the central bank’s rate setting meeting later this month given that... 9th June 2016 · 1 min read
Latin America Data Response Mexico GDP (Q1) The final estimate of Mexican Q1 GDP growth confirmed that the economy picked up, but by less than previously thought. Looking ahead, we think Q1 may be as good as it gets for Mexico this year, with... 20th May 2016 · 1 min read
Latin America Data Response Mexico GDP (Q1, Prov.) The acceleration in Mexican GDP growth in the first quarter of this year, to 2.7% y/y, is encouraging but, with a number of headwinds facing the economy, we suspect that growth will slow over the... 29th April 2016 · 1 min read
Latin America Economics Update Mexico: 2017 budget cuts to keep fiscal deficit in check The Mexican government announced over the weekend preliminary plans to make additional cuts to government spending next year. This will keep the budget deficit in check against a backdrop of much... 4th April 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Mar.) The fall in Mexican headline inflation in the first half of March, to 2.7% y/y from 2.9% y/y over February as a whole, confirms that overall price pressures remain in check for now. However, the rise... 22nd March 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Feb.) The further rise in Mexican inflation in February to 2.9% y/y from 2.5% y/y in January, was due largely to a pick-up in food inflation, rather than an increase in general price pressures. Even so... 9th March 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (Feb.) The sharp drop in Brazil’s manufacturing PMI for February is particularly disappointing given that it follows a general improvement in the survey data for January, and has dealt a blow to hopes that... 1st March 2016 · 1 min read
Latin America Economics Update Policymakers step in to defend currencies Policymakers in Mexico and Colombia this month responded to the sharp falls in their currencies by hiking interest rates and stepping up intervention in foreign exchange markets. These moves appear to... 25th February 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Feb.) The further jump in Mexican inflation in the first half of February, to 2.9% y/y, from 2.5% y/y over January as a whole, was due to a rise in food inflation, which is typically volatile and should... 24th February 2016 · 1 min read
Latin America Data Response Mexico GDP (Q4) The final estimate of Q4 Mexican GDP confirmed that the economy grew by 2.5% y/y, but revisions to the back series show that the slowdown at the end of last year was sharper than previously thought... 23rd February 2016 · 1 min read
Latin America Economics Update Mexico responds to market turmoil Expectations of lower inflation have probably played only a minor role in the fall in Treasury inflation compensation – the gap between the nominal yields of conventional Treasuries and the real... 17th February 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Dec.) Stagnant industrial output at the end of last year means that the sector probably added a meagre 0.1%-pt to overall GDP growth in Q4. Industry may remain under pressure in the near term, but we still... 11th February 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jan.) The jump in Mexican inflation in January, to 2.6% y/y, from 2.1% y/y in December, was due to a sharp rise in food inflation, which is likely to have been driven in part by a weaker currency. But with... 9th February 2016 · 1 min read
Latin America Data Response Mexico Manufacturing PMI (Jan.) The small fall in Mexico’s headline manufacturing PMI is a disappointing sign that the factory sector remained relatively weak at the start of 2016. However, we still expect conditions to improve over... 2nd February 2016 · 1 min read
