13 July 2020 Inflation in Brazil is Tame, Mexico's Industrial Recession Continues

Andres Abadia (Senior International Economist)12th Jul 2020 20:20Latin America, Economic Monitor

Friday's June inflation data in Brazil confirmed that the ripples from the worst of the Covid shock were still being felt at the end of the quarter.

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April August auto production base effects bcb brazil brl BRL sell-off capex car plants clothing construction construction activity construction output construction sector consumer consumer spending core inflation downside risks economic activity economy equipment exports external conditions fuel gdp gdp forecast gradual recovery growth growth rate headline rate household goods igae industrial data industrial sector inflation inflation expectations inflation pressures inflation target interest rate interest rate cut interest rates June labour labour market latam low inflation manufacturing manufacturing output manufacturing production March market expectations May mexican economy mexico mining mxn oil oil production production public infrastructure q1 q2 q2 gdp q3 rate cut recession remain survey survey data total production trade transportation u.s.

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