Latin America Publications
Below is a list of our Latin America Publications for the last 5 months. If you are looking for reports older than 5 months please email info@pantheonmacro.com, or contact your account rep
Please use the filters on the right to search for a specific date or topic.
Chartbook Datanotes Daily Monitor Andrés Abadía (Chief LatAm Economist)
- In one line: Retail sales remain resilient, but momentum still looks soft.
- Consumption and fiscal support continue to cushion activity in Brazil, despite high interest rates
- Investment and confidence indicators point to softer domestic demand over the next three-to-six months.
- Persistent inflation pressures will likely keep the COPOM cautious about further easing.
- Brazil — Institutional tensions deepen
- Mexico — Morena facing mounting pressure
- Colombia — Violence reshaping presidential election
- Primary sectors dragged Chilean growth lower in Q1, despite relatively resilient domestic demand.
- Higher oil prices now threaten inflation, household incomes and the external accounts simultaneously.
- Weak activity will likely keep BCCh cautious, despite elevated external uncertainty and inflation risks.
- In one line: External weakness and mining dragged GDP lower in Q1.
- In one line: Activity softened at the end of Q1.
- Government spending and resilient household demand continue to support activity in Colombia.
- Construction, housing and tradeable sectors remain weak, limiting productive-capacity growth.
- Persistent domestic demand reinforces inflation pressures and strengthens the case for rate hikes.
- In one line: Inflation persistence is becoming harder for the BCRP to dismiss.
- Brazil — Domestic issues cool the external-driven rally
- Mexico — Consolidating after a solid rally
- Colombia — Local flows prevent an uglier picture
- In one line: Inflation jumped on fuel prices, but underlying pressures remained contained.
- In one line: Industrial activity continues to recover, but momentum remains fragile.
- In one line: Banxico cuts rates, likely ending the easing cycle.
- In one line: Core inflation remains sticky, keeping Banxico cautious.
- Banxico’s split vote highlights growing fears over persistent inflation and narrowing room for rate cuts.
- Weak growth and greater economic slack justify final rate cut despite elevated inflation concerns.
- External risks from oil prices, Fed uncertainty and MXN volatility dominate Banxico’s reaction function.
- Mexican peso — Resilient rebound as USD softens
- Colombian peso — Rally fades as policy doubts cap gains
- Chilean peso — Partial recovery as external issues ease
- Mexico’s broad-based decline in growth in Q1 reflects weakening consumption and capex.
- A temporary Q2 rebound driven by the World Cup and seasonal factors will not sustain stronger growth.
- Limited monetary easing and fragile fiscal dynamics constrain policy support; downside risks prevail.
- In one line: Activity is stabilizing at the margin, but the industrial sector remains a clear drag.
- In one line: BanRep pauses, but credibility questions linger.
OIL SHOCK FEEDS INTO INFLATION, DELAYING EASING CYCLES
- DISINFLATION STALLS, CENTRAL BANKS TURN MORE CAUTIOUS
- In one line: Activity contracted sharply in Q1, and the outlook is difficult.
