A lot to digest this week as the IMF shares its World Economic Outlook, with projections for economies across the globe and trends affecting growth.
Monday in Brazil, the central bank will publish its monthly assessment of economic activity in the country for May. The month was marked by a truckers’ strike still being felt in the results of multiple economic sectors. In Chile it is a holiday, while in Peru the statistics office publishes employment numbers for the April to June period as well as national production in May, an index that includes industrial, agricultural, services, retail and construction sectors. In April, the indicator showed a 7.8% increase with all sectors performing well, marking the 105th consecutive month of growth.
On Tuesday, Argentina’s Indec will share inflation numbers for June. In May, the price index showed 26.3% inflation and last week the country’s central bank kept interest rates at 40%.
Wednesday is a holiday in Uruguay. Thursday will reveal if high inflation and a weaker peso have affected Argentinian shoppers, when results from May’s retail sales performance is released. It is also time to know about Chilean imports and any variation on the Industrial production index, while Mexico will publish May activity for its manufacturing sector.
On Friday, Brazil will publish its mid-month inflation index, or IPCA-15, for July. Inflation ticked up in June after the full IPCA recorded its highest reading for the month in two decades. Colombia, meanwhile, celebrates its independence on Friday.
And come the weekend, heads of state in the region head to Puerto Vallarta, Mexico for the Pacific Alliance Summit on July 23 and 24.