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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.

Emerging Asia Chartbook Datanotes Daily Monitor Andrés Abadía (Chief LatAm Economist)

4 June 2025 LatAm Monitor Brazil's industrial sector falters in early Q2, after a lacklustre Q1

  • Brazil’s industry weakened in April, hit by falling domestic demand and a difficult external backdrop.
  • Sectoral data show a broad-based decline, under- scoring structural strains and fading external support.
  • Mexico’s first judicial election saw a low turnout, political interference and risks to independence.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: Economic activity index, Chile, April, 2025

  • In one line: Recovery maintaining a solid pace, but external headwinds still loom.

Andrés Abadía (Chief LatAm Economist)Latin America

3 June 2025 LatAm Monitor Solid start for Chile's Q2 growth; subdued inflation pressures in Peru

  • Mining and services offset weak industrial output in Chile, providing a solid base for Q2 growth.
  • Business sentiment improved slightly but remains fragile, with construction still the weakest link.
  • Peru’s inflation is well under control, led by cheaper food and fuel prices; the BCRP is likely to cut soon.

Andrés Abadía (Chief LatAm Economist)Latin America

May 2025 - Latin America Chartbook

TRADE TRUCE BRINGS LATAM MODEST GAINS…

  • …BUT DOMESTIC FRAGILITIES UNDERMINE GROWTH PROSPECTS

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: GDP, First Quarter, Brazil, 2025

  • In one line: Boost­ed by agriculture and capex, but momentum set to fade. 

Andrés Abadía (Chief LatAm Economist)Latin America

30 May 2025 LatAm Monitor Colombia's stability intact despite President Petro's political ambitions

  • No formal steps towards constitutional change have been taken, yet, despite Mr. Petro’s fiery rhetoric.
  • Low protest turnout and legislative hurdles suggest Mr. Petro’s political project is losing momentum fast.
  • Peru’s economy started 2025 strongly, supported by primary sectors and resilient domestic demand.

Andrés Abadía (Chief LatAm Economist)Latin America

28 May 2025 LatAm Monitor Brazil's inflation slows in May, supporting a steady BCB stance

  • Disinflation has resumed in Brazil, with transportation prices falling and only a modest rise in food prices.
  • The strong BRL, falling commodity prices and softening demand signal continued disinflation in H2.
  • The fiscal outlook is fragile, despite short-term gains, with rigid spending and political resistance to reform.

Andrés Abadía (Chief LatAm Economist)Latin America

23 May 2025 LatAm Monitor Resilient economic headlines in Mexico, but shaky core foundations

  • An agricultural rebound drove headline GDP growth in Mexico in Q1, offsetting weakness elsewhere.
  • Services and industrial output fell, suggesting the economy is heavily exposed to shocks.
  • Persistent inflation, especially in services, complicates Banxico’s easing path amid deteriorating conditions.

Andrés Abadía (Chief LatAm Economist)Latin America

22 May 2025 LatAm Monitor Instability, reform and shifting alliances 

  • Brazil — Political and fiscal risks escalating
  • Mexico — Stability tested by violence and reform
  • Colombia —  Mr. Petro’s reform agenda faces headwinds

Andrés Abadía (Chief LatAm Economist)Latin America

21 May 2025 LatAm Monitor A strong start for Chile's economy, but growth momentum will ease

  • Chile’s Q1 GDP beat expectations, led by services and government spending, despite a drag from mining.
  • Its external accounts improved in Q1 at the headline level, despite portfolio outflows and income deficits.
  • The investment outlook is brighter, given less political risk, but structural issues and uncertainty loom large.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: Economic activity index, Brazil, March, 2025

  • In one line: Q1 surge driven by agriculture; broader gains show resilience.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: GDP, Chile, Q1, 2025

  • In one line: Q1 growth solid, but momentum set to ease.

Andrés Abadía (Chief LatAm Economist)Latin America

20 May 2025 LatAm Monitor Strong start to 2025 for Brazil and Colombia masks challenges ahead

  • Brazil’s economic activity surged in Q1, driven by agriculture and resilience in industry and services…
  • …Momentum is likely to wane as tighter financial conditions and global uncertainty take hold.
  • Colombia’s real GDP rose strongly in Q1, thanks to domestic demand, but structural risks persist.

Andrés Abadía (Chief LatAm Economist)Latin America

PM Datanote: Retail Sales, Brazil, March, 2025

  • In one line: Retail finishes Q1 strongly, but headwinds still limit momentum.

Andrés Abadía (Chief LatAm Economist)Latin America

16 May 2025 LatAm Monitor Banxico sticks to the script; Brazil's retailers perform strongly in Q1

  • Banxico delivered another unanimous 50bp cut, to 8.50%, and pointed to more easing ahead.
  • Brazil’s resilient consumption masks mounting pressures from inflation and weak services… 
  • …Tighter financial conditions are also a drag, but retail and labour data offer cautious optimism.

Andrés Abadía (Chief LatAm Economist)Latin America

15 May 2025 LatAm Monitor Rebounding on receding global trade risk

  • Brazil — Receding risk and foreign inflows
  • Mexico — Rebounding, but volatility set to continue 
  • Chile — Boosted by tariff truce and domestic tailwinds

Andrés Abadía (Chief LatAm Economist)Latin America

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Latin America Document Vault, independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence,