macroeconomics latest publications

October 5, 2021

Mexico | Atypical September does not prevent consumption slowdown in 3Q21

The BBVA Consumer Index grew 2.0% MoM (sa) in September, after the fall of (-)1.9% in August, in an atypical month with greater mobility and an increase in spending derived from the return to face-to-face teaching at schools.

August 12, 2021

Spain | Regional Economic Outlook. Third Quarter 2021

The improvement in health indicators and the relaxation of restrictions have reduced uncertainty and allowed a recovery in private spending and national tourism. The foregoing translates into generalized upward revisions in all regions in 2021, although with a different magnitude.

August 2, 2021

Mexico | GDP grows 6.1% at an annualized rate in 2Q21 with a gloomy outlook in June

According to preliminary data from INEGI, economic activity grew 1.5% QoQ in 2Q21, which represents a downward bias on our growth forecast for this year (current 6.3%)

March 4, 2021

Colombia | Effects of covid-19 on employment in January 2021

In January, mobility restrictions temporarily interrupted the employment recovery. As of January, 73% of the jobs lost at the time of the worst deterioration of the labor market had been recovered. Given the easing of restrictive mobility measures, the labor market is expected to return to dynamism from February of 2021.

February 16, 2021

Colombia | GDP of 2020: economic recovery continued at a good pace

GDP declined 6.8% in 2020. In the major demand groups, only government consumption grew and, in the productive branches, four out of twelve expanded. The economy had a sustained recovery since the third quarter that will be consolidated in the second half of 2021. GDP growth of 4.8% is expected in 2021.

December 30, 2020

Mexico | Perspective of a slow recovery of formal employment

The rebound in the economy and employment will continue to show different nuances and heterogeneity among sectors and regions, it is expected that in the face of restrictions, social distancing, and economic closures, now partial, the negative impact on employment will continue.

October 1, 2020

Colombia | Beyond the reactivation: policies for recovery

The world is still in a mobility restrictive mode, so it may not reach the previous levels until the arrival of treatment. Hence, a selection of strategic sectors to promote recovery and increase spending and job creation, based on three pillars, is proposed.

August 7, 2020

Argentina | Real-Time Consumption Monitoring (Aug 7, 2020)

Strong impact of the Hot Sale in the last week of July, especially in "non-essential" items. Fuel and Construction sales showed slight signs of an incipient recovery that needs more data to start setting a trend. The lockdown period has started to set new behaviors.