In Colombia confidence indicators came out in line with a recovery in manufacturing and stability in consumption

In Mexico, the slow recovery in employment and real wages, are the main factors behind the incipient recovery in retail sales and expected sluggishness in the domestic market in the third quarter. Today the overall data activity indicator (IGAE) is due to be released, where we believe the growth will be fuelled by the favourable momentum in the industrial sector, in contrast to services.

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