Macro Analysis /

Weekly economic calendar - For the week ending Aug 14, 2020

    Manuel Jimenez Zaldivar
    Manuel Jimenez Zaldivar

    Director of Market Strategy

    Gabriel Casillas Olvera
    Alejandro Padilla Santana
    10 August 2020
    Published byBanorte
    In the US, attention will be on July retail sales and industrial production, which we expect to moderate. Inflation will also be published, confirming a scenario without price pressures. Markets will remain vigilant for a possible new fiscal stimulus package. Other releases include 2Q20 GDP reports in the Eurozone and the United Kingdom and economic activity figures for July in China. In Mexico, we estimate a 17.4% y/y decline in June’s industrial production and a 50bps reference rate cut by Banxico –to 4.50%–.