_Economy and Finance

Chile: Mixed supply- and demand-side activity data in December Florencia Vazquez - Market Economics Latam Macro Snapshot | 30 Jan 2013 14:04 | Manufacturing activity was reported to have contracted 2.5% y/y in December, a result that disappointed both our forecast and the median estimate from the Bloomberg survey (0.8% and 1.0% y/y, respectively). Despite weak performance in recent months, manufacturing output managed to advance 2.4% last year.

Argentina: The merchandise trade surplus rose to USD 12.7 bn in 2012 Florencia Vazquez - Market Economics Latam Macro Snapshot | 23 Jan 2013 20:25 | The merchandise trade surplus was reported to have stood at USD 0.53 billion in December. The reading stood fairly in line with our forecast and the median estimate from the Bloomberg survey (USD 0.57 and 0.48 billion, respectively).

Chile: BCCh remained on hold, as expected; all eyes on the IPoM next week Florencia Vazquez - Market Economics Latam Macro Snapshot | 13 Dec 2012 22:52 | Chile’s central bank decided to keep the policy rate unchanged at 5% at today’s monetary policy meeting. The decision stood in line with both our forecast and the median estimate from the Bloomberg survey.

Florencia Vazquez,Gustavo Arruda,Marcelo Carvalho,Nader Nazmi - Market Economics Daily Latam Spotlight | 10 Dec 2012 06:00 | Chile: The central bank is expected to remain on hold this week. CHILE The central bank is expected to remain on hold this week. BCCh will have its monthly monetary policy meeting on Thursday. We expect no changes, in line with trends throughout most of the year. The consensus agrees with this view.

Chile: More moderate growth in Q3, but still above potential Florencia Vazquez - Market Economics Latam Macro Snapshot | 19 Nov 2012 16:33 | Real GDP in Chile was reported to have advanced 5.7% y/y in Q3 2012. The y/y pace of advance stood slightly ahead of the median estimate from the Bloomberg survey and a bit below our forecast (5.4% and 6.2%, respectively). In sequential terms, the economy expanded at a 5.7% q/q (saar) pace, having moderated from Q2’s unsustainable 8.3% pace (revised up from a previous 7%), but still slightly above potential (Chart 1).