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.
Chartbook Datanotes Weekly Monitor
- Peru’s Congress has impeached President Boluarte,
amid surging crime and collapsing support.
- Interim President Jerí assumes office with a limited
mandate; restoring confidence will be a challenge.
- Peru’s economy is holding firm despite the saga,
supported by strong institutions and fundamentals.
- In one line: Disinflation holds, but core pressures persist.
- In one line: Signs of modest recovery in August, but the outlook remains fragile.
- A mining accident disrupted output in Chile, hurting activity, while commerce provided stability.
- Fiscal revenues rose on higher royalties and copper prices, though election-year spending risks persist.
- A right-wing political shift would bring business friendly reforms, likely boosting investor confidence.
- In one line: Activity loses momentum in August due mainly to weak mining.
LATAM ACTIVITY WEAKENS AS POLICY STAYS RESTRICTIVE…
- …DISINFLATION ADVANCES, BUT CORE PRESSURES CLOUD OUTLOOK
- In one line: Retail and manufacturing support growth, labour market improving at the margin.
- Monetary policy in Mexico is shifting cautiously, as inflation is sticky and growth prospects weaker.
- The trade deficit widened in August due to the oil sector and tariff-related external uncertainty.
- MXN appreciation and USMCA compliance support stability, despite ongoing external and fiscal risks.
- In one line: Inflation benign despite September uptick.
- In one line: Inflation steady, Banxico set to ease.
- Services and consumption drive growth in Colombia, but weak exports and capex are still limiting.
- Fiscal credibility deteriorates as deficits widen, and the Petro government suspends key safeguards.
- Policy options narrow as inflation expectations rise and political risk builds ahead of the 2026 elections.
- Markets reeled as political setback exposed fragility in Argentina’s macro backdrop and reform credibility.
- Inflation is slowing, but ARS pressure, weak activity, and tight reserves complicate policy execution.
- October elections will test Milei’s mandate and determine the durability of his economic program.
- In one line: BCCh holds fire, flags sticky core inflation and need for more data before resuming cuts.
- In one line: Headline inflation eases, but core remains sticky.
- Mexico’s economy is showing modest resilience, supported by manufacturing and services.
- Consumption is underpinned by wages and remittances, but capex is weakening amid trade tensions.
- Brazil’s trade surplus is holding up, but industry is deteriorating due to US tariffs and tight policy.
- In one line: Growth slows as capex falls, but services hold up.
- Inflation in Brazil eased to 5.0% in August, helped by falling food prices and stronger BRL support.
- GDP growth slowed sharply in Q2, as earlier momentum in agriculture, industry and services faded.
- US tariffs and widening external deficits remain risks, keeping the COPOM cautious and Selic rate at 15%.
- In one line: Sales stumble again as financial headwinds intensify.
- In one line: Inflation eases as demand cools.
- Banxico opted for a smaller rate cut, balancing better headline inflation against sticky core pressures.
- Its updated forecasts show headline inflation easing but core elevated, delaying convergence to target.
- The more gradual 25bp pace is likely to continue, with data-dependency guiding further cuts in 2025.
