Free Trial

Banxico Economist Survey, January PMI Data Due

MEXICO
  • After weaker-than-expected GDP data earlier this week, potentially opening the door for Banxico to adopt a more dovish stance next week, attention today turns to the central bank economist survey at 1500GMT(1000ET). The next Banxico monetary policy meeting is scheduled for Feb 8, with most analysts expecting rates to be left on hold for the time being. Also on the docket are December remittances and January manufacturing PMI data at 1500GMT, followed by manufacturing and non-manufacturing data at 1800GMT.
    • Dec. Remittances Total, est. $5.41b, prior $4.91b
    • Jan. S&P Global Mexico Manufacturing PMI, prior 52.0
    • Jan. IMEF Non-Manuf. Index SA, est. 51.5, prior 52.1
    • Jan. IMEF Manufacturing Index SA, est. 49.8, prior 49.8
  • In other news, Mexico’s Supreme Court ruled against the government’s nationalistic electricity law yesterday in a case brought by private energy companies, which argued that the legislation hurt renewable energy supply. The ruling prevents the legislation, which gave Mexico’s state-owned utility CFE priority over private ones in providing electricity, from being applied to private companies.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.