Latin America Rapid Response Mexico Bi-Weekly CPI (Sep.) Mexico’s headline inflation rate came in a little weaker than expected at 4.4% y/y in the first half of September while services inflation remained elevated. Coming alongside strong wage growth and... 22nd September 2023 · 3 mins read
Latin America Rapid Response Brazil IPCA (August 2023) The rise in Brazilian inflation to 4.6% y/y in August won’t prevent the central bank from delivering another 50bp cut, to 12.75% when it meets later this month. But with core services inflation, which... 12th September 2023 · 2 mins read
Latin America Rapid Response Mexico Industrial Production (Jul.) Mexico’s industrial sector posted a slightly larger-than-expected 0.5% m/m increase in output in July and the survey evidence suggests that activity continued to hold up well in August. But we still... 11th September 2023 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Aug.) Mexico’s headline inflation rate edged down again in August, to 4.6% y/y, on the back of softer core price pressures but, with services inflation still proving stubborn, Banxico is unlikely to begin... 7th September 2023 · 2 mins read
Latin America Rapid Response Brazil Industrial Production (July 2023) The larger-than-expected 0.6% m/m decline in Brazilian industrial production in July, taken together with weakness in some of the surveys for August, suggests that the sector may contract in q/q terms... 5th September 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA-15 (August 2023) The jump in Brazilian inflation to a higher-than-expected 4.2% y/y in the middle of the month (and the prospect of further increases over the rest of Q3) are likely to dash hopes that the central bank... 25th August 2023 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Aug.) Mexico’s headline inflation rate declined further in the first half of August, but sticky services inflation will remain a concern for the central bank. This, alongside hawkish comments from officials... 24th August 2023 · 2 mins read
Latin America Rapid Response Chile GDP (Q2 2023) Chile’s GDP contracted by a shallower-than-expected 0.3% q/q in Q2, but the fall in output alongside downwards revisions to GDP growth in Q4 and Q1 will keep the door open for the central bank to... 18th August 2023 · 3 mins read
Latin America Rapid Response Colombia GDP (Q2) The larger-than-expected 1.0% q/q contraction in Colombia’s GDP in Q2 is likely to be followed by further weakness over the coming quarters. We expect this to prompt BanRep to join other central banks... 15th August 2023 · 2 mins read
Latin America Rapid Response Brazil IPCA (July 2023) The jump in Brazilian inflation to a slightly higher-than-expected 4.0% last month won’t stop Copom from lowering interest rates at its September meeting. By the same token, however, the figure... 11th August 2023 · 2 mins read
Latin America Rapid Response Mexico Consumer Prices (Jul.) Mexico’s headline inflation rate continued to drop back in July, to 4.8% y/y, but with services inflation proving to be sticky, we doubt that Banxico will turn to interest rate cuts until the turn of... 9th August 2023 · 2 mins read
Latin America Rapid Response Brazil Industrial Production (June 2023) The slightly better-than-expected 0.1% m/m increase in Brazilian industrial production in June indicates that the sector grew a little more quickly in Q2 than it did in Q1. Even so, there’s nothing in... 1st August 2023 · 2 mins read
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
