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COLOMBIA – Inflation above market consensus in November
Consumer prices rose by 0.27% mom in November, above the Bloomberg market consensus of 0.20%, but closer to our 0.29% call. The main positive contributors of the month were housing and utilities ...
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CHILE – No CPI surprise in November; BCCh to cut 25bp later this month
Consumer prices rose 0.2% (0.25%) from October, in line with our 0.23% call, while a tick below the 0.3% Bloomberg consensus. The key drivers in the month came from the household goods and maintenance ...
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MEXICO – Another good inflation print in November
Headline CPI stood at 0.44% MoM in November, slightly below Bloomberg’s market consensus of 0.47% and close to our forecast of 0.43%. The monthly number is consistent with a bi-weekly 0.12% deflation.
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MEXICO – Strong fundamentals for consumption, while investment keeps decelerating
Gross Fixed Investment (GFI) fell by 3.3% YoY in September (vs market consensus of -0.5%), while private consumption rose by 1.0% (vs market consensus of +1.4%). According to the seasonally adjusted ...
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COLOMBIA – Stable employment levels in October
The urban unemployment rate surprised to the upside. The national unemployment rate reached 9.1%, down by 0.1pp over one year, and below BanRep’s NAIRU estimate of 10.7%. The urban unemployment rate ...
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PERU – 3Q24 printed above expectations
Activity recovery on track. Peru’s real GDP rose by 3.8% yoy during 3q24, above the Bloomberg consensus and our call (3.2%), up slightly from the 3.6% yoy in the previous quarter. On a sequential ...
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ARGENTINA – Another trade surplus in October, but with imports growing faster at the margin
The trade balance reached a surplus of USD 0.9 billion in October, well above the USD 0.4 billion deficit registered in the same month of 2023. The surplus was slightly below market expectations ...
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COLOMBIA – Weaker-than-expected activity in 3Q24
The Colombian economy grew below expectations during the third quarter of the year. Activity increased 2.0% YoY in 3Q24 (+2.1% in 2Q24), below the Bloomberg market consensus of 2.3%, and our 2.5% call ...
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Itaú Uniclass anuncia nova plataforma de benefícios para saúde com o programa Minhas Vantagens
Descontos de até 80% em exames, consultas médicas presenciais com especialistas e telemedicina 24 por 7 estão entre os benefícios para clientes a partir do nível 2 do programa de relacionamento do ...
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ARGENTINA – Fiscal surplus continued in October
Argentina’s treasury ran yet another primary surplus in October, reaching ARS 746.9 billion, significantly above the deficit of ARS 330.3 billion posted one year earlier. The nominal fiscal balance ...
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CHILE – Weak sequential job dynamics in October
According to the INE’s labor market survey, the unemployment rate came in at 8.6% during the October quarter, in line with the Bloomberg markets consensus of 8.6% (Itaú: 8.7%). The unemployment rate ...
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PERU – Inflation rose by 0.1% MoM in November
Inflation rose by 0.1% MoM in November, in line with market expectations and our call, and recovering from two consecutive falls. The monthly increase in November was mainly driven by consumption ...