*The Timely Indicator of Manufacturing Activity by INEGI (IMOAM) indicates that the manufacturing sector grew by 3.0% annually during June – a slight acceleration from the 2.9% y/y logged in May. *The Eurozone’s unemployment rate remains unchanged at 6.4%. *Global industrial activity contracted as a consequence of China’s economic slowdown. *The Bank of Japan seeks

*El Indicador Oportuno de la Actividad Manufacturera del INEGI (IMOAM) apunta que el sector manufacturero habría crecido 3.0% a tasa anual durante junio, implicando una ligera aceleración desde el 2.9% a/a observado en mayo. *La tasa de desempleo de la eurozona se mantiene sin cambios y se coloca en 6.4%. *La actividad industrial global se

*The Mexican economy´s growth during the second quarter of the year surprised to the upside. *The Eurozone’s GDP readings also exceed market forecasts.  *Inflation in the Eurozone decreased for the third consecutive month to 5.3% y/y, its lowest level in a year and a half; although the core component remained reluctant to decline, and stayed

*Sorprende de manera positiva el crecimiento de la economía mexicana durante el segundo trimestre del año.  *Las lecturas del PIB de la eurozona también supera las previsiones del mercado.  *La inflación en la eurozona disminuyó por tercer mes consecutivo a 5.3% a/a, su menor nivel en año y medio; aunque el componente subyacente continuó renuente

*The Personal Consumption Expenditures (PCE) deflator in the U.S. recorded its lowest reading in over two years in June.  *Consumer spending in the U.S. accelerated in June by logging a 0.5% m/m figure, up from the revised 0.2% m/m (revised from 0.1% m/m), surpassing the 0.4% m/m forecasted by the consensus. *In the Eurozone, the

*El  deflactor del gasto en el consumo (PCE) en EE.UU. registró su menor lectura en más de dos años durante junio.  *El gasto en el consumo durante junio en EE.UU. se aceleró con una variación de 0.5% m/m desde el 0.2% m/m previo (revisado desde 0.1% m/m) y superando el 0.4% m/m proyectado por el

*The US economy accelerated its pace of expansion in the 2Q23, surpassing market expectations. *The European Central Bank (ECB) continued its increasing rates cycle with a 25 base points increase in all its key rates. *In Mexico, the unemployment rate set at 2.7% as a proportion of the Economically Active Population during June, which entails

*La economía norteamericana aceleró su ritmo de expansión en el 2T’23, superando las expectativas del mercado. *El Banco Central Europeo (BCE) mantuvo en curso su ciclo alcista con un incremento de 25pb en todas sus tasas clave. *En México, la tasa de desocupación fue de 2.7% de la Población Económicamente Activa (PEA) durante junio, implicando

*Consumer confidence in the U.S. reached its highest level in 2 years. *Mortgage applications in the U.S. fell 1.8% w/w during the week ending on July 21st. *The Federal Reserve will announce its monetary policy decision today at 12:00pm. The analysts´ consensus – as well as the futures market – expect a 25bp increase, which