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    Latam Daily | Activity data reinforces the downward bias to our 2015 GDP forecast in Chile

    Published on Tuesday, July 7, 2015 | Updated on Tuesday, July 7, 2015

    Latam Daily | Activity data reinforces the downward bias to our 2015 GDP forecast in Chile

    Summary

    In Chile, aggregate activity rose 0.8% YoY in May missing the consensus, mainly driven by decline in manufacturing, mining and wholesale trade. This weak figure reinforces our view for a downward bias to our GDP growth forecast. Today, the trade balance and exports will be released in Chile and Colombia respectively. We expect Colombia’s exports to have fallen 43%.

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    Authors

    Cecilia Posadas BBVA Research - Principal Economist
    Enestor Dos Santos BBVA Research - Principal Economist
    Jorge Selaive
    Juana Téllez BBVA Research - Chief Economist
    Carlos Serrano BBVA Research - Chief Economist
    Hugo Perea BBVA Research - Chief Economist
    Alejandro Faci

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    Report (PDF)

    67413_84330.pdf

    English - July 7, 2015

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