Macro Analysis /
Global1Q23 GDP – Dynamism affirmed, but also coupled with signs of a moderation ahead
1Q23 GDP was revised an inch lower to 1.0% q/q (3.7% y/y), with a revision lower in industry and more stable services
March’s GDP-proxy IGAE stood at -0.3% m/m (2.7% y/y) with all three categories lower that suggest caution
We reiterate our view of a deceleration in the rest of the year,with the external sector limiting a stronger performance
Alejandro Padilla Santana
Executive Director of Economic Research and Financial Markets Strategy @ Banorte
Contributors
26 May 2023
Published byBanorte
