PM Datanote: Bi-weekly CPI and Economic activity index, Mexico, March/January, 2026

• In one line: Inflation surprised to the upside, while activity weakened sharply at the start of the year.

PM Datanote: CPI, Mexico, February, 2026

• In one line: Core pressures pushed inflation up slightly and the outlook is worsening.

PM Datanote: Inflation, Chile, February, 2026

• In one line: Inflation surprised to the downside, reinforcing Chile’s disinflation trend.

PM Datanote: Industrial Production, Brazil, January, 2026

• In one line: Output rebounded in January, but the broader industrial trend remains fragile.

PM Datanote: GDP, Fourth Quarter, Brazil, 2025

• In one line: Q4 confirms stagnation as tight policy weighs on capex.

PM Datanote: Economic activity index, Chile, January, 2026

• In one line: Services rebounded, partly offsetting renewed weakness in manufacturing.

February 2025 - Latin America Chartbook

LATAM ACTIVITY STABILISES AS POLICY PATHS DIVERGE

• DISINFLATION PROVES UNEVEN, WHILE POLITICAL RISK INTENSIFIES

PM Datanote: Industrial Production, Retail Sales, and Unemployment, Chile, January, 2025

• In one line: Activity softened at the start of the year.

PM Datanote: IPCA-15, Brazil, February, 2025

• In one line: Seasonal firmness, but disinflation remains intact.

PM Datanote: Bi-weekly CPI, Mexico, February, 2025

• In one line: Core pressures keep inflation near 4%, limiting Banxico’s room to ease.

PM Datanote: Mexico Retail Sales, December, 2025

• In one line: Retail sales ended 2025 on a firm footing.

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

• In one line: Activity ended 2025 on a soft note, reinforcing the case for easing ahead.

PM Datanote: Inflation IPCA, Brazil, January, 2025

• In one line: Disinflation on track despite January uptick.

PM Datanote: Industrial Production, Brazil, December, 2025

• In one line: Industrial momentum weakens; outlook remains subdued.

January 2025 - Latin America Chartbook

STARTING Q1 WITH SOFT GROWTH AND SELECTIVE POLICY EASING

• DISINFLATION HELPS, BUT POLITICS DOMINATE THE OUTLOOK

PM Datanote: Advance GDP, Mexico, Q4, 2025

• In one line: Solid Q4 rebound eases recession fears.

PM Datanote: Inflation IPCA-15, Brazil, January, 2026

• In one line: Upside pressures localised; picture remains benign.

PM Datanote: Economic activity index, Mexico, November, 2025

• In one line: Activity falters in November; growth constraints persist.

PM Datanote: Mexico Retail Sales, November, 2025

• In one line: Retail sales stabilises, but risks remain.

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

• In one line: Activity rebounds in November, but momentum remains weak.