May 31, 2024 16:46 GMT
Week Ahead [1/2]: Attention On Mexico Election, BCB Focus Survey
LATAM
- The focus will initially be on this weekend’s election in Mexico, which is set to deliver the country’s first female president. On the data front, Brazil Q1 GDP is due on Tuesday, while Mexico and Chile will release May CPI data on Friday. Several of the region’s central banks will also publish latest economist surveys.
- Peru CPI inflation data will be published tomorrow, with analysts expecting the annual rate to slow to 2.22% y/y, from 2.42%.
- On Sunday, Mexico’s presidential election will take place, where Claudia Sheinbaum remains the clear favourite to succeed AMLO for a six-year term in office. Promising broad policy continuity, should Sheinbaum win focus will turn to the size of her alliance’s majority in the Congress.
- The BCB will publish its weekly Focus survey on Monday, while the BCCh will release its latest traders survey and Banxico its economist survey. Meanwhile, Chile economic activity is expected to rise by 4.0% y/y in April (vs. +0.8% prior), while May PMI data are due across the region.
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