The unemployment rate fell sequentially, but employment dropped at the margin. According to DANE’s September labor market survey, the national unemployment rate fell to 9.1%, down 0.1pp over one year, ...

Gradual moderation in spending continues, as revenues improve. Even though real revenues rose by 11% YoY in September, a real expenditure increase of 2.5% led to a monthly fiscal balance of -0.4% of ...

The interest rate returned to single digits. In a divided decision, BanRep maintained the pace of cuts at 50bp from 10.25% to 9.75%. As in the previous meeting, three members voted for a larger cut ...

Mining led the activity recovery in 3Q, but manufacturing improved and retail posted a broadly steady, and elevated annual gain, consolidation the view of a transitory downturn in 2Q. Retail sales ...

According to the INE’s labor market survey, the unemployment rate fell to 8.7% in 3Q24, below both the Bloomberg markets consensus and our 8.9% call. The unemployment rate implies a 0.2pp fall over ...

According to the Financial Market Commission, the banking system’s stock of outstanding real loans in Chile fell in September by 2.64% YoY, after declining by 2.04% in August (-2.65% in September 2023 ...

Sticky services inflation, core inflation expectations that have halted their decline and global financial conditions that have unfolded less favorably for emerging economies have led us to believe ...

Argentina’s treasury ran yet another primary surplus in September, reaching ARS 816.4 billion, significantly above the deficit of ARS 380.5 billion posted one year earlier. The nominal fiscal balance ...

Activity increased slightly in August from the previous month, consolidating two consecutive months of seasonally adjusted sequential growth. According to the EMAE (official monthly GDP proxy), ...

The monthly GDP proxy increased 3.5% YoY in August (down from 4.5% in July), in line with market consensus but above our 3% call. The headline figure was led by mining output (8.9% YoY in August, from ...

Em 100 anos de história, presenciamos diversas transformações econômicas e políticas; atuamos em mercados com forte concorrência local, assim como vimos a ascensão da presença de conglomerados globais ...

The trade balance reached a surplus of USD 1.0 billion in September, well above the USD 0.7 billion deficit registered in the same month of 2023. The surplus was below market expectations according to ...