Macro Analysis /
GlobalGDP-proxy IGAE–Additional dynamism in April despite a more challenging backdrop
In April, activity grew 1.1% m/m (1.3% y/y), quite strong considering additional risks in the period
Sequentially, services led gains at +1.3%, followed by industry with +0.6%, while agriculture fell 1.3%
We believe the economy extended its recovery in 2Q22. However, we remain cautious on supply disruptions and inflation
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
24 June 2022
Published byBanorte
