LatAm Daily | Industrial production in April surprised on the downside in Mexico

Summary

Although we expected an increase of 0.2% in the industrial production index in Mexico, it contracted by 0.7% MoM, affected mostly by mining (-2.0%) and manufacturing (-0.7%). In Chile, the expectation survey showed a downward revision of 2017 GDP growth prospects, an expected pause in rates at 3.5% in 2016, and inflation of 3.5% in 2016 and of 3% in 2017: the CB’s target.

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