Macro Analysis /
Global

Weekly economic calendar and Earnings Results-For the week ending August 13,2021

  • Headline inflation rose 0.59% m/m in July, with the core at 0.48%. In the latter, processed foods remain pressured

  • Annual headline inflation fell to 5.81% from 5.88%. However, and more worrisome, the core climbed to 4.66% from 4.58%

  • Considering this, we maintain our call that Banxico will hike the reference rate by 25bps to 4.50% on Thursday

Gabriel Casillas Olvera
Gabriel Casillas Olvera

Managing DirectorInvestor Relations Officer and Chief Economist

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Contributors
Juan Carlos Alderete Macal
Manuel Jimenez Zaldivar
Alejandro Padilla Santana
Banorte
9 August 2021
Published byBanorte
  • In the US, attention on July’s CPI, estimated at 5.3% y/y. University of Michigan sentiment for August and weekly jobless claims will also be released 

  • In the Eurozone, June’s industrial production and trade balance, as well as August’s ZEW 

  • In Mexico, in addition to July’s CPI and Banxico’s policy decision, June’s industrial activity, ANTAD’s figures, nominal wage negotiations and jobs associated to IMSS 

  • In the US, at the final stretch of earnings season, this week we highlight the results of Air Products and Chemicals, Dish Network, eBay, Steris, Sysco, TransDigm, Tyson Foods, and Walt Disney