Latin America economic news summary

10 August 2018 15:52 Source:ICIS

HOUSTON (ICIS)--Here are the economic news stories on the Latin America region on 10 August:

Brazil's industrial production increased by a record 13.1% in June over the previous month, Brazil’s state statistical agency (IBGE) said.

Brazil’s central bank maintained its benchmark Selic interest rate at an all-time low of 6.5% on 1 August even after inflation jumped back within its target range.

Brazil's June producer price index rose by 2.28% month on month, putting the 12-month total at 8.62%, the Brazilian state statistical agency (IBGE) said.

Mexico's producer price index (PPI) decreased by 0.66% in July month on month, the state statistical agency INEGI said.

Mexico's central bank decided to leave interest rates at 7.75% on 2 August.

Economists surveyed by the Mexican central bank lowered their forecasts for economic growth and raised them for inflation in their monthly outlook for the nation's economy, the Bank of Mexico said.

By Staff Reporter