Mexican economic activity slowed sharply in January, looks to be an anomaly
Societe Generale notes.. January industrial production (and export growth) was disappointing and surprising given thelack of any meaningful trigger for this development.As a result, we estimate growth to have slowed to 0…
January industrial production (and export growth) was disappointing and surprising given thelack of any meaningful trigger for this development.As a result, we estimate growth to have slowed to 0.9% yoy in January from 3.2% yoy in December 2014. However, we expect this slowdown to prove anomalous.
Recent trends in the pace of industrial production (IP) and manufacturing growth have been nearly double their historical averages (since 1999).
Stronger IP growth was helped by stronger US growth and the improving competitiveness of the economy.
On the back of a jump in vehicle exports, Mexico's real export growth has surgedimpressively in recent years (except for a brief interruption in 2013).
Export-led investment growth should help the economy post near-trend growth this year followed by an improvement next year on strengthening consumption.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
