Latin America Data Response Brazil GDP (Q1 2023) The breakdown of Brazil’s Q1 GDP figures suggests that the economy is not as strong as the staggering 1.9% q/q rise in output would suggest. Even so, the sharp rise in output has prompted us to revise... 1st June 2023 · 3 mins read
Latin America Data Response Chile GDP (Q1) Growth in Chile’s economy accelerated at the start of the year, but the headline figure masks signs of pronounced weakness. We expect the economy to struggle over the coming quarters amid tight... 18th May 2023 · 3 mins read
Latin America Data Response Brazil IPCA (Apr.) & Mexico Ind. Production (Mar.) The sharp fall in Brazilian inflation, to 4.2% y/y last month, was encouragingly broad based among the sub-categories of the CPI basket. But we think the central bank will want to see more evidence... 12th May 2023 · 2 mins read
Latin America Data Response Brazil Industrial Production (Mar.) The surprisingly strong 1.1% m/m increase in Brazilian industrial production in March suggests that the economy fared a bit better than we’d expected in Q1. The risks to our GDP growth forecast for... 10th May 2023 · 2 mins read
Latin America Data Response Mexico Consumer Prices (Apr.) The drop in Mexico’s headline inflation rate, to 6.3% y/y in April, was broad-based and will provide some comfort to officials at the central bank that price pressures are finally easing. This means... 9th May 2023 · 2 mins read
Latin America Data Response Mexico GDP (Q1 Prov.) The 1.1% q/q rise in Mexican GDP in Q1 marked a pick-up from the end of last year, but a fresh slowdown is on the cards as a recession in the US and tight policy at home will take their toll. 28th April 2023 · 2 mins read
Latin America Data Response Brazil IPCA-15 (April 2023) The drop in Brazilian inflation to a 30-month low of 4.2% y/y in the middle of April was mainly a result of a sharp decline in food inflation, which is at its lowest rate since the start of the... 26th April 2023 · 2 mins read
Latin America Data Response Mexico Bi-Weekly CPI (Apr.) The fall in Mexico’s headline inflation rate to an 18-month low of 6.2%y/y in the first half of April was broad-based and will provide some comfort to officials at Banxico that price pressures are... 24th April 2023 · 3 mins read
Latin America Data Response Brazil Industrial Production (Feb.) Brazilian industrial production fell for a third consecutive month in February and, while the latest surveys suggest that industry held up a bit better in March, the bigger picture is that Q1 looks to... 19th April 2023 · 2 mins read
Latin America Data Response Brazil IPCA (Mar.) & Mexico Ind. Production (Feb.) The plunge in Brazilian inflation last month, to 4.7% y/y, was driven by a sharp decline in food inflation; core inflation remains high and the headline inflation rate is set to rise again next... 11th April 2023 · 3 mins read
Latin America Data Response Mexico Consumer Prices (Mar.) The further fall in Mexico’s headline inflation rate, to 6.9% in March, confirms that inflation is now on a clear downward trajectory. But services inflation is showing no signs of easing, which will... 5th April 2023 · 2 mins read
Latin America Data Response Brazil Industrial Production (Jan.) The 0.3% m/m fall in Brazilian industrial production, coupled with the weakness of the latest surveys, suggests that it’s touch and go as to whether the economy contracted again in Q1. Even so, as the... 30th March 2023 · 2 mins read
Latin America Data Response Brazil IPCA-15 (March 2023) The further decline in inflation in Brazil, to 5.4% y/y in the middle of this month, was driven by lower food inflation, but core price pressures remain very strong. As a result, the release won’t... 24th March 2023 · 2 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Mar 2023.) Mexico’s headline inflation rate dropped back by more than expected, to 7.1% y/y, in the first half of March but the further rise in services inflation will continue to concern policymakers at Banxico... 23rd March 2023 · 3 mins read
Latin America Data Response Chile GDP (Q4) The weaker-than-expected 0.1% q/q expansion in Chile in Q4 of last year confirms that high inflation and tight monetary policy are taking a heavy toll on the economy. We think the economy will... 20th March 2023 · 3 mins read
Latin America Data Response Mexico Industrial Production (Jan.) Mexico’s industrial sector stagnated in January as a slump in construction output offset solid increases in output in other subsectors. Early evidence suggests that activity held up well last month... 13th March 2023 · 2 mins read
