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.
Emerging Asia Chartbook Weekly Monitor
- Mexico's Q4 rebound reflects gains in both industry and services, offsetting the hit to agriculture.
- Domestic demand is improving slowly, but weak capex, fiscal constraints and trade uncertainty remain drags.
- Banxico will pause easing as inflation remains sticky, and temporary upside shocks warrant attention.
- Activity in Argentina slipped in November, exposing weak momentum after the mid-term elections…
- …Manufacturing and commerce output fell sharply, while growth is focused on low-employment sectors.
- BCCh will pause amid easing inflation, BCB will hold despite stickiness, and BanRep will tighten as risks rise.
- Household spending gains traction in Mexico, while capex remains weak on policy and trade uncertainty.
- The USMCA review adds volatility, delaying the capex recovery and reinforcing consumption-led growth.
- November’s activity rebound stabilises growth in Brazil, but tight financial conditions still constrain its recovery.
- Disinflation is broadening in Brazil, as tradables cool and currency strength reinforces policy credibility…
- …The COPOM will begin a cautious easing cycle; fiscal risks and labour tightness will slow the pace of cuts.
- Industrial output is improving sequentially in Mexico, but weak exports and the USMCA review are threats.
- US intervention in Venezuela raises regional tensions and reshapes political debate ahead of key elections.
- Rising crime and security issues push voters towards hard-line, market-friendly candidates.
- Chile’s election and upcoming Andean races signal a broader shift in LatAm’s political cycle.
- Banxico delivered another rate cut, but firmer inflation and guidance point to pauses ahead.
- Sticky services inflation and fiscal changes narrow the Bank’s space to ease heading into early 2026.
- The weakness of growth supports cuts, yet external risks and credibility worries limit the options.
- Mexico’s industrial rebound in October reflects only base effects and construction timing.
- Manufacturing remains under strain, as US demand softens and trade policy uncertainty freezes capex.
- USMCA-renewal and tariff risks will dominate industry’s performance more than domestic demand.
- Contained inflation with a broad-based moderation allows BCCh to resume gradual easing soon…
- …CLP strength, lower food and oil prices, and relatively soft demand support a benign disinflation outlook.
- Mexico’s ambitious wage push will strain productivity, intensify inflation risks, and test Banxico.
LATAM ECONOMY SLOWS AS DOMESTIC DEMAND SOFTENS
- POLITICAL NOISE AND EXTERNAL UNCERTAINTY DOMINATE
- Disinflation in Brazil is broadening across goods and services, as supply conditions remain favourable.
- A strong BRL, cooling demand, and easing core pressures will push headline inflation lower in Q1.
- Copom signals patience but improving data support the case for a cautious rate-cutting cycle soon.
