Latin American Economic Comment: Latin American Week Ahead, Week of June 29

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Latin American Economic Comment: Latin American Week Ahead, Week of June 29

Global Research

26 June 2026ab

Latin American Economic Comment Economics

Latin AmericaLatin American Week Ahead, Week of June 29

Rafael De La Fuente

Economist

Brazil Preview: Fiscal Accounts, CAGED and Industrial Production rafael.delafuente@ubs.com

+1-203-719 7127

The National Treasury will release the May federal primary balance on Monday. We

expect a monthly deficit of R$53bn, meaning R$-139bn in 12 months, 1% of GDP. On Alexandre de Azara

Economistthe following day, May CAGED may show a net formal job creation of 160k, or 118k sa.

alexandre.azara@ubs.com

Later in the week, the IBGE will release May industrial production figures next Friday. We +55-11-2767 6570

forecast 0.3% m-o-m sa and 1.0% y-o-y. During the week new polls should also be

released with updated information on vote intentions and presidential assessment. Fabio Ramos

fabio.ramos@ubs.com

Mexico Preview: Remittances +55-11-2767 6525

In a light week in terms of economic indicators, Banxico is scheduled to publish May data

Andrea Casaverde

for remittances. We expect it to come in at USD 5575 mn. Economist

andrea.casaverde@ubs.com

Colombia Preview: Unemployment Rate, Overnight Rate and MPC Meeting +1-203-713-2515

Minutes

Rodrigo Martins

We expect Banrep to resume the rate hike cycle in its June meeting, taking the overnight Economist

rate from 11.25% to 11.75%. Other variables to be released next week include the May rodrigo.martins@ubs.com

unemployment rate (UBSe: 9.0%) +55-11-2767 6338

Chile Preview: Retail Sales, UR, Industrial Production and Economic Activity

During next week, INE is scheduled to release May economic activity indicators. We

expect retail sales and industrial production to come in at 5.3% and -3.0% y-o-y,