Mexico

2Q22 GDP – Good dynamism in the 1st half of the year, albeit with risks ahead

  • GDP rose 0.9% q/q (2.0% y/y), extending the rebound despite the relatively challenging environment

  • Agriculture rebounded 0.9% q/q, with industry up 0.9% with resilient manufacturing, and with services also at 0.9%

  • We maintain our full-year GDP forecast at 2.1%, albeit recognizing higher risks ahead

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Alejandro Padilla Santana @ Banorte
Contributors
August 25th, 2022
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