Macro Analysis /

Mexico: 2Q22GDP–Positive surprise with further strength in industry and services

  • Activity grew 1.0% q/q (2.1% y/y) better-than-expected given a more challenging backdrop late in the quarter

  • Sequentially, services and industry kept driving the recovery, while agriculture had a relevant rebound

  • We maintain our 2022 full-year GDP forecast at 2.1%, with higher risks for the remainder of the year

Alejandro Padilla Santana
Alejandro Padilla Santana

Executive Director of Economic Research and Financial Markets Strategy

Francisco Jose Flores Serrano
Juan Carlos Alderete Macal
29 July 2022
Published byBanorte


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