Mexican industrial production registers a slight monthly fall in June, confirming our expectations of weak economic growth for 2Q14

The small decrease in monthly terms was driven by the manufacturing and mining sectors and is strongly linked to weak domestic demand, despite the improvement in US industrial production. In Colombia, manufacturing exports disappointed in June with a 12.5% YoY fall, raising doubts about the recovery in the sector. Today we expect the Economic Expectations Survey in Chile to reveal estimates of a 25bp cut in the MPR at Thursday’s monetary policy meeting.

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