Week from the 26th of February to the 1st of March 2024

Most Outstanding Points of the Week

• In the United States, the second estimate of the 4Q23 GDP showed an annualized growth of 3.2%, slightly lower than the first revision of 3.3%.
   
• In the United States, the PCE index, a key inflation metric for the Fed, advanced 0.4% in January. This brought the annual rate to 2.8% and was in line with expectations.
   
• In China, manufacturing activity contracted for the fifth consecutive month during February.

•  The Bank of Mexico downgraded its growth estimate for this year from 3% to 2.8%, due to the slowdown observed in the economy in the last quarter of 2023.     

Important Events in the Coming Weeks

• In the United States, ISM services and Beige Book will be published 03/5-6
• Employment figures to be released in the United States 03/08

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