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January 31, 2020

U.S. Auto Sales Chartbook. January 2020

New vehicle sales were 16.9 million in 2019, 1.7% less than in 2018. Although still solid, 2019 sales were the lowest since 2014. We expect new car sales to slow down further in 2020, due to slower economic growth and less affordable vehicles.
  • Geography Tags
  • USA

December 16, 2019

Colombia responds well to complex environment but more is needed

The world became more complex for all in economic terms because of the increase in trade tensions between the great powers. Uncertainties that negatively affected the financial markets generating great volatilities in the stock markets, as well as in the debt and currency markets at a global level.

December 10, 2019

Peru | Retail Outlook 2019

We estimate that retail sales' growth rate in 2020 will be similar to that of this year. Looking forward, factors such as the demographic boon, higher household purchasing power and the continued growth of online shopping, suggest that retail sales have space to continue growing.
  • Geography Tags
  • Peru

December 4, 2019

Eurozone | Some improvement in growth and inflation figures, though risks persist

Eurozone growth stabilized in 3Q19 thanks to the resilience of domestic demand, while the deterioration of industrial production and exports has halted. Our MICA-BBVA model projects still low growth in 4Q19. Core inflation has stepped in November, but it is early to tell if it will be sustainable.

November 28, 2019

Global | Stable industry and resilient services, but the weak momentum persists

The global slowdown extends into 4Q19, as some incoming figures continue to be weak despite a better tone on trade negotiations and lower brexit risks. Services and domestic demand continue to sustain growth while manufacturing and trade have stabilized in Q3, but confidence data for Q4 have been mixed so far.

October 29, 2019

U.S. Auto Sales Chartbook. October 2019

Solid but stable new vehicle sales through 3Q19. A robust supply of “off-leasing” units and access to credit support sales of used vehicles. Consumer credit remains healthy, although delinquencies keep growing.
  • Geography Tags
  • USA

October 18, 2019

Eurozone | Growth in 2020 revised down

More evident negative effects of worsening global demand and uncertainty on exports and investment explain the downward revision of growth in 2020. Further monetary easing and slightly expansive fiscal policy could help to halt deteriorating confidence and to underpin spending, with increasing divergence across countries.

October 10, 2019

A New Colombian Consumer: Habits and Trends

The trends of Colombian consumers in the last 10 years have been changing. The structure, income, purchasing power and consumption habits have been fundamental when profiling a new Colombian consumer.