The last week of October 2024 brings a flurry of economic activity across Latin America.
From inflation reports to GDP figures, the regions major economies are set to release crucial data.
These numbers will shape economic policies and market expectations in the coming months.Brazils Labor Market StrengthBrazils unemployment rate continues its downward trend in September.
Analysts predict a seasonally adjusted rate of 6.5%, a record low since 2012.
This positive trend reflects a growing job market and rising wages.
However, the central bank may view this as inflationary pressure.Mexicos Economic GrowthMexicos GDP for the third quarter is expected to show faster growth than the first half of the year.
However, it may still lag behind last years pace.
The economy is operating near its potential, with a slightly positive output gap.
Banxico forecasts weaker growth for 2025.Economic Pulse of Latin America: A Week of Key Indicators and Decisions.
(Photo Internet reproduction)Colombias Monetary Policy DecisionThe Bank of the Republic of Colombia is likely to cut its benchmark rate to 9.75%.
This decision would continue the easing cycle that began in December.
Analysts anticipate further cuts, with the magnitude depending on new economic data.Perus Inflation ReboundPerus inflation rate is expected to bounce back in October after Septembers sharp decline.
Food prices will likely push the rate close to the 2% midpoint of the central banks target range.
Core inflation may remain above 2%, causing some concern for policymakers.Chiles Industrial ProductionChiles Industrial Production Index for September is projected to increase by 1.2% compared to last year.
This suggests a monthly decrease following strong gains in August and July.
The data remains uneven but points to a recovery in industrial output.Key Events by CountryBrazilOn October 31, Brazil will release its September unemployment rate.
Analysts expect a seasonally adjusted rate of 6.5%, with wage growth outpacing inflation.
This could raise concerns about inflationary pressures.ChileChiles National Statistics Institute will publish the Commercial Activity Index and Industrial Production Index on October 30.
Retail sales are expected to rise 4.2% year-on-year, while industrial production may increase by 1.2%.ColombiaThe Bank of the Republic of Colombia will hold its Monetary Policy Meeting on October 30.
Experts anticipate a rate cut to 9.75%, continuing the easing cycle that began in December.MexicoMexicos trade balance report for September will be released on October 28.
Analysts predict a deficit of $777 million, smaller than Augusts $4.87 billion gap.
On October 30, Mexico will publish its third-quarter GDP report, with expectations of 1.4% year-on-year growth.PeruPerus National Institute of Statistics and Informatics will release Octobers inflation data on November 1.
Economists forecast an inflation rate of 2.3%, up from Septembers 1.8%.This weeks economic releases will provide valuable insights into Latin Americas economic health.
Policymakers and investors will closely watch these indicators to gauge the regions economic trajectory.Economic Pulse of Latin America: A Week of Key Indicators and Decisions