Summer in the Northern Hemisphere, a short week in the US and Canada and the second round in the World Cup are a hint of reduced volumes in markets across the globe, but economic indicators will flow as usual and may provide some insight on the health of regional economies going forward.
To kick off the second half of 2018, Brazil starts the week with the TLP rate for the third quarter. That is the reference rate used by Brazil’s development bank, BNDES, which has started to pay off its debt to the national Treasury since the creation of the TLP and end to its policy of subsidized credit.
Markit releases its manufacturing PMI for both Brazil and Mexico on Monday, not that either country will focus on that until after they face each other in Russia to see who advances to the next round of the World Cup. Colombians will also be glued to the screens as their squad faces England later in the day.
Tuesday is the day to know Brazil’s producer price index for May. On Wednesday as Americans eat hot dogs and watch fireworks, Brazil’s IBGE publishes the industrial production index for May after a 8.9% year -on-year increase in the April reading.
Thursday is consumer confidence day in Mexico and automakers June output in Brazil, after the industry saw a dive of 20% in the prior reading which they attribute to effects of the truckers’ strike.
Friday Brazil and Chile will publish inflation numbers for June, with Chile coming from a 2% rate in May while prices in Brazil went up by 2.86% that month.