Activity indicators in Brazil and Peru beat expectations

Summary

The monthly activity index in Brazil was in line with the expected GDP growth in the third quarter, which would mark the end of the recession of the first part of the year although at a slower pace. The case of Peru is more encouraging, with progress of the non-primary sectors, although limited by the still weak extractive activity. Today we will be watching out for activity indicators in Chile and the monetary policy meeting in Colombia, where we expect stability in the MPR.

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