EconoTicker

Medium importance

Mexico’s Thomson Reuters IPSOS PCSI rose to 54.00 in April from 53.05 previously. With no forecast shown, the latest reading points to an improvement in consumer sentiment. The move suggests households became slightly more confident at the start of the quarter, with the index remaining above the 50 threshold.

Possible Market Effect: The stronger reading may offer mild support to the domestic-demand outlook, although the market impact is likely to remain limited on its own.

Source: Thomson Reuters / Ipsos

Medium importance

Brazil’s Thomson Reuters IPSOS PCSI fell to 49.22 in April from 52.24 previously. With no forecast shown in the data, the main signal is a clear deterioration in consumer sentiment. The drop back below the 50 mark suggests household confidence weakened and moved back into more cautious territory at the start of the new quarter.

Possible Market Effect: The softer reading may weigh modestly on the domestic demand outlook if weaker confidence begins to feed into household spending behavior.

Source: Thomson Reuters / Ipsos

Importance: Low

Brazil’s IGP-DI Inflation Index (MoM) rose 1.14% in March, reversing from -0.84% previously. With no forecast shown in the provided data, the main signal is a sharp rebound in monthly inflation at the wholesale and broad-price level. The move suggests that price pressures strengthened materially compared with the previous month.

Possible Market Effect: The data may modestly support a firmer inflation narrative in Brazil, especially if similar strength appears in other price measures.

Source: FGV IBRE

South Korea’s Current Account came in at 23.19B in February, up from 13.26B previously. With no forecast shown in the provided data, the main signal is a clear strengthening in the external balance. The increase suggests that South Korea entered the end of the first quarter with a materially larger current account surplus, pointing to firmer support from the external sector.

Possible Market Effect: A wider current account surplus can be mildly supportive for the Korean won at the margin and reinforces a more stable external-position narrative.

Source: Bank of Korea

Importance: Medium

Brazil’s Trade Balance came in at 6.41B in March, up from the previous 4.21B. The main signal is a clear widening in the trade surplus. The result suggests Brazil’s external trade position improved during the month, providing a firmer external-sector backdrop at the end of the quarter.

Possible Market Effect: A wider trade surplus may offer mild support to Brazil’s external-position narrative and can be seen as modestly positive for macro stability.

Source: Ministry of Development, Industry, Trade and Services of Brazil (MDIC)

Türkiye’s Treasury Cash Balance came in at -279.578B in March, compared with -92.420B previously. With no forecast provided, the main signal is a much wider cash deficit than in the previous reading. The result points to a marked deterioration in the treasury’s monthly cash position.

Possible Market Effect: A substantially wider cash deficit may keep attention on fiscal conditions and financing needs, especially if similar pressure persists in the coming months.

Source: Ministry of Treasury and Finance of Türkiye

South Africa’s S&P Global Manufacturing PMI rose to 50.8 in March from 50.0 previously. With no forecast shown in the provided data, the latest reading indicates that manufacturing moved back into modest expansion territory after previously sitting right at the neutral 50 mark. The result suggests a slight improvement in factory-sector conditions at the end of the quarter.

Possible Market Effect: On its own, the release may have a limited market impact, but it offers a somewhat firmer signal on near-term manufacturing activity in South Africa.

Source: S&P Global

Importance: Low

Mexico’s January investment data showed a broad-based setback. Gross Fixed Investments (YoY) fell -3.30%, weaker than the forecast of -2.10% and down from the previous 0.00%. At the same time, Gross Fixed Investments (MoM) declined -1.10%, below the forecast of -0.80% and reversing from the previous 0.50%. The combination of weaker annual and monthly readings indicates that fixed investment lost momentum materially at the start of the year, pointing to softer capital formation and a less supportive domestic demand backdrop.

Possible Market Effect: The data may modestly reinforce a softer growth narrative for Mexico and could be seen as mildly negative for domestic demand-sensitive assets if similar weakness continues.

Source: INEGI

Importance: Low

Brazil’s March PMI data pointed to weaker private-sector momentum. The S&P Global Composite PMI fell to 49.9 from 51.3, moving below the 50 threshold and signaling contraction. The S&P Global Services PMI slipped to 50.1 from 53.1, showing that services activity slowed sharply and came close to stagnation. Together, the two readings indicate that growth conditions weakened meaningfully in March, with the broader economy losing momentum and services no longer providing the same degree of support as in the previous month.

Possible Market Effect: The PMI deterioration may weigh modestly on Brazilian growth sentiment and could support a more cautious market view on domestic activity if softer data persist. No separate market-effect conclusion is drawn for the Focus report because no figures were visible in the provided image.

Source: S&P Global; Banco Central do Brasil

The FAO Food Price Index rose 2.4% in March from February to 128.5 points, marking a second consecutive monthly increase in global food prices. The UN food agency said prices increased across all major commodity groups, including cereals, meat, dairy, vegetable oils, and sugar.

FAO said the rise reflected both underlying market fundamentals and the impact of higher energy costs linked to the escalation of conflict in the Near East. The increase suggests that energy-related disruption is beginning to feed more visibly into global food costs, keeping inflation risks elevated for food-importing economies.

Possible Market Effect: Higher global food prices can add to inflation pressure, especially in emerging markets and major food-importing countries, while also supporting sensitivity in agricultural commodities and inflation-linked assets.

Source: FAO.

Turkey’s PPI rose 2.30% MoM in March, slower than 2.43% previously. At the same time, PPI increased 28.08% YoY, above 27.56% previously. The data shows producer-price pressure eased slightly on the month, but the annual pace moved higher, pointing to still-elevated upstream inflation.

Importance: Low

Possible Market Effect: Higher annual producer inflation may keep attention on pipeline price pressure and the risk that softer headline CPI disinflation proves uneven.

Source: Turkish Statistical Institute (TurkStat).

Turkey’s CPI excluding E,F,B,T&G rose 29.7% YoY in March, up from 29.5% previously. On a monthly basis, the same measure increased 1.6%, compared with 1.5% previously. With no forecast provided in the input, the key signal is that core inflation remained elevated and annual underlying price pressure moved slightly higher, even as the monthly pace stayed relatively contained.

Importance: Low

Possible Market Effect: Sticky core inflation can keep markets cautious on Turkey’s disinflation path, because underlying price pressure remains firm even as headline CPI moderates.

Source: Turkish Statistical Institute (TurkStat).