December 23, 2024 11:47 GMT
MEXICO: Bi-Weekly CPI, October Economic Activity, November Trade Due At 1200GMT
MEXICO
- Bi-weekly CPI data for the first half of December will be released at 1200GMT(0700ET), with analysts expecting the headline rate to ease to 4.40% y/y, from 4.55%, while core inflation edges up to 3.59% y/y, from 3.57%. Alongside these data, October economic activity and November trade figures are also due at 1200GMT. Economic activity is expected to decline by 0.50% m/m (vs. +0.23% previously), taking the annual rate of growth up slightly to +0.40% y/y. Meanwhile, the trade surplus is seen coming in at around $500mn.
- Dec. Bi-Weekly CPI YoY, est. 4.40%, prior 4.55%
- Dec. Bi-Weekly Core CPI YoY, est. 3.59%, prior 3.57%
- Oct. Economic Activity IGAE YoY, est. 0.40%, prior 0.29%
- Nov. Trade Balance, est. $500m, prior $370.8m
- Meanwhile, President Sheinbaum said on Friday that a new deputy Governor for the central bank will be named after the new year. She said that the administration will work with the Finance Ministry to replace current deputy governor Irene Espinosa, whose term ends on Dec 31.
- In other news, President Biden said that his administration is mulling exempting Mexico from tariffs on imported solar equipment. However, the last-minute exemption could be undone by the incoming Trump administration.
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