Mexico retail sales likely grew near-trend pace in January

Mar 16, 2015 09:48 am UTC| Commentary

Mexicos December retail sales (2.4% yoy) grew at nearly the same pace as the trend of the past 12months (2.7%).While retail sales growth in H2 14 was stronger than in H1, the slow pace of sales growth in November and...

Chile's economy still growing below trend

Mar 16, 2015 09:45 am UTC| Commentary

The Chilean economy grew at 2.9% yoy in December and 2.7% in January - both figures arebelow trend - as a base effect sharply pulled up export growth.However, growth has limited upside in the medium term as the outlook for...

Despite upside risk to Chile's core prices, inflation is set to moderate further

Mar 16, 2015 09:43 am UTC| Commentary

Recent inflation numbers suggest that headline inflation has started moderating but that core inflation has continued to move up.Societe Generale notes the following in a report on Monday... We expect February to be the...

Chile's economy likely grew by 1.8% in 2014, less than half the pace in 2013

Mar 16, 2015 09:08 am UTC| Commentary

The relatively stronger export growth in Chile - on the back of the base effect - pulled up growth numbers in December and January to respectable levels, albeit still below trend. Societe Generale notes the following in a...

Brazil's IPCA-15 inflation likely rose to 7.68% yoy through mid-March

Mar 16, 2015 09:05 am UTC| Commentary

After hitting 7.14% in January due to the rise in the administered prices of electricity andenergy, inflation rose further in February to 7.70% yoy primarily on account of the continued rise in transport prices (8.1% yoy...

Brazil's growth pace decelerates further and has yet to bottom out

Mar 16, 2015 08:59 am UTC| Commentary

The economic activity index shows that supply-side growth in Brazil fell to -0.1% in 2014versus 3.2% in 2013 (GDP growth in 2013 came in at 2.5%).More importantly, the index suggests that growth decelerated further in H2...

Polish Industrial output growth to accelerate in February

Mar 16, 2015 08:46 am UTC| Commentary

Societe Generale notes the following in a report on Monday... We expect Polish industrial output growth to have increased to 2.5% yoy in February from 1.7% in January. In monthly terms, we estimate a decrease of 1.0%....