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Mexico manufacturing set to decelerate

Mexico's industrial production increased 0.2% m/m sa in August as a result of a positive performance in manufacturing (1.0% m/m sa) partially offset by reductions in the production of mining (-0.3%) and in construction activities (-0.6%). In annual terms, IP increased 1.0% y/y.

After this report, the GDP proxy of August would be increasing 0.1% m/m sa, setting their GDP tracker at 0.4% q/q sa, right at Q3 GDP forecast and consistent with annual growth of 2.2% y/y for the year as a whole, estimates Barclays.

An stabilization of oil production in the coming months as oil production increased 0.4% m/m sa in September, becoming less of a drag; however, manufacturing might decelerate due to lower global growth, added Barclays. So far, car production declined 1.3% m/m sa in September.

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November 24 15:30 UTC Released

USECRI Weekly Index*

Actual

145.6 %

Forecast

Previous

145.6 %

November 24 14:45 UTC Released

US1st Half-Mth Infl YY*

Actual

54.6 %

Forecast

Previous

54.6 %

November 27 09:00 UTC 28472847m

ITExport Prices*

Actual

Forecast

Previous

111 %

November 27 09:00 UTC 28472847m

ITImport Prices*

Actual

Forecast

Previous

116.1 %

November 27 14:00 UTC 31473147m

MXTrade Balance, $*

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Forecast

Previous

-1.886 Bln USD

November 27 14:00 UTC 31473147m

MXTrade Balance SA*

Actual

Forecast

Previous

-1.559 Bln USD

November 27 15:30 UTC 32373237m

USDallas Fed mfg bus index

Actual

Forecast

Previous

27.6

November 27 21:00 UTC 35673567m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

87 Bln BRL

November 28 00:00 UTC 37473747m

BRCentral Govt Balance

Actual

Forecast

Previous

-22.725 Bln BRL

November 28 07:00 UTC 41674167m

DEGDP Growth QQ* Advance

Actual

Forecast

Previous

10.7 %

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