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
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Chartbook Datanotes Weekly Monitor Andrés Abadía (Chief LatAm Economist)
- A stronger BRL and improved food supply helped ease headline inflation pressures in Brazil in May.
- Services and regulated prices continue to drive core inflation above the BCB’s 3% target.
- The BCB will hold rates, but fiscal risk and global uncertainty threaten to derail the recent price stability.
- In one line: Disinflation remains on track.
- In one line: Recovery maintaining a solid pace, but external headwinds still loom.
TRADE TRUCE BRINGS LATAM MODEST GAINS…
- …BUT DOMESTIC FRAGILITIES UNDERMINE GROWTH PROSPECTS
- In one line: Boosted by agriculture and capex, but momentum set to fade.
- In one line: Retail softens in April, but growth momentum is holding up.
- A record agricultural harvest fuelled Brazil’s Q1 growth, but momentum is likely to slow.
- Services and capex held up, while industrial output shrank due to restrictive monetary policy.
- The job market’s resilience complicates the COPOM’s position, but conditions will deteriorate soon enough.
- In one line: Inflation eases slightly, but risks persist.
- Mexico’s current account deficit narrowed sharply in Q1, thanks to resilient exports and remittance inflows.
- Financial inflows weakened amid US trade tensions, global volatility, and domestic political uncertainty.
- The proposed US remittance tax and economic slow- down threaten to disrupt Mexico’s external stability.
- In one line: Mexico’s economy outperforms in Q1, but risks loomlarge.
- In one line: Q1 surge driven by agriculture; broader gains show resilience.
- In one line: Q1 growth solid, but momentum set to ease.
- In one line: Solid start to the year, but risks loom.
- Banxico cut rates again, but its tone was more cautious due to the recent uptick in Mexico’s inflation.
- Economic activity is weak, and inflation is within the target range, supporting the case for further easing.
- Argentina’s inflation slowed sharply in April, defying expectations after the FX liberalisation.
- In one line: Retail finishes Q1 strongly, but headwinds still limit momentum.
- In one line: Inflation steady in April, but underlying pressures persist, for now.
- In one line: BCRP resumes easing, citing stable inflation.
- Headline and core inflation in Mexico rose in April, driven mainly by seasonal services price rises…
- …But underlying trends are contained and demand remains subdued, allowing Banxico to cut this week.
- Peru’s BCRP cut rates to 4.50% and signalled a shift towards neutral, as inflation is well anchored, for now.
- In one line: Underlying pressures remain in check, despite a bad start to Q2.
- In one line: Disinflation resumes, and the near-term outlook remains benign.
