Macro Analysis /
Global

Mexico: 2Q21 GDP – Acceleration fueled by the reopening

  • GDP rose 1.5% q/q in 2Q21 (+19.7% y/y), gaining momentum on the back of improving epidemiological conditions

  • By sectors, services led the charge at +2.1% q/q, with agricultural surprising at 0.6%, while industry advanced 0.4%

  • This is consistent with our call of a full-year expansion of 6.2%, forecasting a deceleration in the second half

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
30 July 2021
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