Weak industrial production in Brazil, while in Colombia the recovery in industry and agriculture continues

Industrial production in Brazil once again entered into negative territory on a monthly basis in September, nevertheless we continue to expect a very slight quarterly GDP growth in 3Q14. Today we are awaiting the economic activity data in Chile, where we expect a growth in 3Q in line with 1% YoY. Also we will see consumer and producer confidence figures in Mexico for October, where we expect a slight increase on the back of better manufacturing performance and job creation.

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