The Day at a Glance | January 27 2023
*Mexico`s trade balance logged a deficit worth 26,421 million dollars at the end of 2022.
*Consumer inflation in Japan reached a 41-year high in January by setting at 4.4%. The underlying component set at 3.0%.
*The US private consumption deflator logged a 0.1% monthly figure in December; the same as the previous figure and above the expected 0.0%. At an annual rate, the deflator slowed down by setting at 5.0% (in line with estimates) from the previous 5.5% (Nov.).
*Russia intensified attacks in Northern and Eastern Ukraine in an attempt to cross local defense lines after Germany and the US announced they would send tanks to Ukraine.
December`s timely foreign trade data logged a trade surplus worth 984 million dollars. The figure is the result of a 3.4% annual growth in imports (to 48,339 million dollars) and a 3.4% annual increase in exports (to 49,323 million dollars). Automotive exports logged the largest annual increase (13.8% annual), while they hiked 18.2% with respect to the previous year. Additionally, oil exports also increased considerably; 34.2% in 2022. As for imports, oil decreased -3.8% annual in December, although they increased 37.6% throughout the year. Lastly, imported capital goods increased 13.2% in December and 18.9% in 2022, which contrasted with a -1.0% decrease in consumer goods in December.