Latin America Data Response Mexico Consumer Prices (Jul.) The increase in Mexican inflation in July, to 2.7% y/y from 2.5% y/y in June, is unlikely to prompt the central bank to raise interest rates again at Thursday’s MPC meeting. But with inflation likely... 9th August 2016 · 1 min read
Latin America Data Response Brazil & Mexico Manufacturing PMIs (July) The jump in Brazil’s manufacturing PMI in July adds to the evidence that the economy has finally begun to turn the corner. Meanwhile, the fall in Mexico’s PMI suggests that the slowdown in the... 1st August 2016 · 1 min read
Latin America Data Response Mexico GDP (Q2, Prov.) & Chile Activity (June) The fall in Mexican GDP in Q2 is partly payback for a strong Q1 but it also reflects the continuing drag on Mexican industry from manufacturing weakness in the US. With policy tightening now set to... 29th July 2016 · 1 min read
Latin America Economics Update Is a debt problem brewing in Mexico? In contrast to the prevailing view that tight credit conditions have been a constraint on Mexican growth, the debt ratio has actually increased at a reasonably sharp pace over the past five years... 25th July 2016 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (July) We expect the rise in Mexican inflation in the first half of this month, to 2.7% y/y from 2.5% y/y over June as a whole, to be the start of an upward trend that will ultimately force the central bank... 22nd July 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (May 2016) The weaker-than-expected 0.4% y/y rise in Mexican industrial production growth in May, down sharply from 1.9% y/y in April, confirms that the sector remains the weak spot of the economy. There’s... 12th July 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jun 2016) The modest fall in Mexico’s headline inflation rate in June, to 2.5% y/y from 2.6% y/y in May, hides the fact that core inflation pressures are creeping up. Coupled with continued pressure on the peso... 7th July 2016 · 1 min read
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
