Monday, January 26: Employment and Job Market
National Occupation and Employment Survey (December)
- The week begins with the release of the National Occupation and Employment Survey (ENOE) by Mexico’s National Institute of Statistics and Geography (Inegi). This report provides crucial information, such as the unemployment rate, which helps assess labor market conditions and understand the economy’s ability to generate employment and its impact on domestic consumption.
Tuesday, January 27: Trade Balance
Government Securities Auction Results
- Mexico’s Bank of Mexico will announce the results of the government securities auction. This information shows demand for Cetes, Bonds, and Udibonos, as well as the interest rates offered, allowing market participants to evaluate expectations regarding monetary policy and financial conditions.
Mexico’s Preliminary Trade Balance of Goods (December)
- Trade balance figures will be released, showcasing the performance of Mexico’s external trade by the end of 2025. These figures will enable analysis of export and import trends, as well as the impact of external demand and a weakened dollar on economic activity and growth.
Wednesday, January 28: Fed Decision
U.S. Crude Oil Inventories (Weekly)
- The U.S. Energy Information Administration will release weekly crude oil inventory data, signaling global energy supply and demand trends. Variations in these inventories influence international oil prices.
Decision on Monetary Policy by the Federal Reserve
- The focus of the week is on the Federal Reserve’s monetary policy decision in the United States. Market expectations heavily favor no changes to interest rates due to a stalled deflationary process. The communication and press conference by Fed Chair Jerome Powell will be crucial.
Thursday, January 29: U.S. Labor Market
New Unemployment Insurance Claims in the United States
- Weekly new unemployment insurance claims are highlighted, offering a timely signal about the U.S. labor market. Reviewing its evolution helps identify changes in employment dynamics and anticipate adjustments in economic growth.
Friday, January 30: GDP Growth
Mexico’s Preliminary GDP (Q4 2025)
- The key local data for the week will be Mexico’s preliminary GDP growth in the fourth quarter, released by Inegi following a decline in the Global Activity Index (IGAE). These figures will continue shaping the economic outlook before final 2025 PIB data is available.
U.S. Producer Price Index (December)
- The week concludes with the U.S. Producer Price Index (PPI), an inflation indicator measuring business price evolution in the largest economy. It helps anticipate consumer price pressures, predict changes in monetary policy, and assess impacts on purchasing power.
Key Questions and Answers
- Q: What is the National Occupation and Employment Survey (ENOE)? A: The ENOE is a report by Mexico’s National Institute of Statistics and Geography (Inegi) that provides crucial information on labor market conditions, including the unemployment rate.
- Q: Why are government securities auction results important? A: These results show demand for Cetes, Bonds, and Udibonos, as well as interest rates offered, allowing market participants to evaluate expectations regarding monetary policy and financial conditions.
- Q: How do trade balance figures impact the Mexican economy? A: Trade balance data helps analyze export and import trends, as well as the impact of external demand and a weakened dollar on economic activity and growth.
- Q: What is the significance of U.S. crude oil inventories data? A: Weekly crude oil inventory data from the U.S. Energy Information Administration signals global energy supply and demand trends, influencing international oil prices.
- Q: Why is the Fed’s monetary policy decision crucial? A: The Federal Reserve’s decision on interest rates is heavily anticipated due to a stalled deflationary process, with communication and press conferences by Fed Chair Jerome Powell being crucial.
- Q: How do new unemployment insurance claims reflect the U.S. labor market? A: Weekly new unemployment insurance claims offer a timely signal about the U.S. labor market, helping identify changes in employment dynamics and anticipate adjustments in economic growth.
- Q: What is the significance of Mexico’s preliminary GDP growth data? A: Preliminary GDP growth data for Mexico’s fourth quarter, released by Inegi following a decline in the Global Activity Index (IGAE), helps shape the economic outlook before final 2025 PIB data is available.
- Q: How does the U.S. Producer Price Index (PPI) impact the economy? A: The PPI, an inflation indicator measuring business price evolution in the largest economy, helps anticipate consumer price pressures, predict changes in monetary policy, and assess impacts on purchasing power.
