Francisco Jose Flores Serrano

Banorte

Senior Economist, Mexico @ Banorte

Francisco Flores is the Senior Economist for Mexico within the Economic Research department in Grupo Financiero Banorte. His responsibilities include the analysis and forecast of the main Mexican macroeconomic variables, with special focus on economic activity, inflation, labor market and public finances. He was recently recognized with the Refinitiv StarMine Award as the best forecaster for the Mexican economy in 2019. Francisco holds a Bachelor’s degree in Economics from Universidad Anáhuac, where he graduated summa cum laude.

Francisco Jose Flores Serrano
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Latest articles from Francisco Jose Flores Serrano

IMEF’s PMI surveys – Signals of headwinds into the third quarter

The effects of worsening epidemiological conditions seem evident in both indicators, especially in ‘new orders’ and ‘production’. In ‘employment’, its modest 0.1pts uptick is relatively favorable, probably as workers have not been furloughed despite ...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 2 August 2021

Mexico: Banxico Survey – Strong revisions for inflation in 2021 continue

Forecasts for 2021 were adjusted once again, noting a strong modification for inflation for a sixth month in a row. With this, it is closer to our 6.2%. The minimum sees an expansion of 5.0% (previous: 4.1%), and the maximum of 7.7% (previous: 6.8%)....
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 2 August 2021

Mexico: Family remittances – Strong inflows remain in June

Despite being lower at the margin relative to May, the period’s seasonality is less positive, so the result was very favorable. The amount was lower at the margin, albeit recalling that May is the seasonally strongest period of the year. In this resp...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 2 August 2021

Weekly economic calendar and Earnings Results-For the week ending August 6, 2021

Banorte Gabriel
Gabriel Casillas Olvera @ Banorte 2 August 2021

Mexico: Ahead of the Curve

Proceeding in chronological order... Remittances to remain strong in June. A relevant factor that we believed helped offset for this is that additional unemployment benefits in most states with Hispanic presence continued. Despite the recent wave of ...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 30 July 2021

Mexico: Banking credit – The recovery trend continues in June

Banking credit declined 11.8% y/y in real terms, better than our -12.1% forecast and the -13.1% of the previous month. We expect credit to keep recovering in coming months, helped by less challenging base effects. In this context, corporate loans fel...
Banorte Juan Carlos
Juan Carlos Alderete Macal @ Banorte 30 July 2021

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