Consumer prices rose by 3.28% m/m in Nov, lower than both our expectation (4.0%) and cons. (3.7%), while annual inflation accelerated to 61.98% (vs. 61.36% prev.). Considering the recent lower than expected realizations coupled with the positively surprising rate hikes, the year-end consumer inflation might be around 65%.
Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.
Sort our publications chronologically from newest to oldest, regardless of geography and/or topic matter.
Sort publications according to the number of time reads by our users, regardless of geography and/or topic matter.
Social Security affiliation fell by 11,600 people and unemployment by 24,600. After adjusting for seasonality, we estimate that the number of affiliated workers grew by 25,000 (2,500 more than in Oct) and the number of unemployed fell by 16,000, after stagnating since July. Temporary employment fell by 1.1 pp to 56.7% SWDA.
The eurozone economy has been virtually stagnant for several quarters now, underperforming expectations so far in the year's second half and with no clear signs of recovery on the horizon.
The October 2023 national unemployment rate was 9.2%, down from 9.7% in October 2022, and the urban unemployment rate was 9.0%, down from 9.9% a year earlier. Seasonally adjusted, the national rate increased by 0.3 p.p. between September and Oc…
The slowdown of the economy is supported by a strong contraction of investment over the already weak levels reported in recent years, which is one of the main challenges for the future of the Colombian economy.
Remittances to Mexico increased by 8.4% in the month of October 2023, reaching 5,812 million dollars (md) and marking a record in the receipt of these resources. Thus, they have had a streak of 42 consecutive months with growth, starting in May 2020.
The consumer price index dropped 0.16% m/m in November. During the month, the decrease in some food prices stood out, due to supply shocks they faced in recent months starting to dissipate.
We will learn this month about the last monetary policy decisions of the year in Mexico and the United States. The announcements from the central banks will be crucial for analysts, market participants, and the general public to obtain a cleare…
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
Turkish economy grew by 5.9% y/y in 3Q, above the market consensus of 5.3% but parallel to our expectation of 6%. We expect GDP growth rate to be 4.5% in 2023 but decelerate to 3.5% in 2024 with a bias to the downside.
Coneval updated its quarterly calculation of the proportion of the population that is in labor poverty. In the third quarter of 2023, the proportion of the population in labor poverty, at the national level and in the urban areas, did not improve compared to the proportion that existed before the pandemic emergency began.
Spain's GDP growth forecast is maintained for 2023 (2.4%), revised downwards to 1.5% in 2024 and is expected to accelerate in 2025 (2.5%). The growth bias is negative due to the geopolitical context and uncertainty in EMU activity and economic policy measures.
Individual publications may only be downloaded for technical reasons to allow a more complete, rigorous and individual reading of the publications. In this regard, only a brief summary, mention or reference to the publications is permitted and only when all the following conditions are met: (i) it is not for commercial purposes (not even indirect commercial use, e.g. to attract advertising to your website); (ii) a statement is included that BBVA Research is the author and owner; and (iii) a precise and complete link to the URL where the publication is available is included on this website. +info