Macro Analysis /

Mexico: Aggregate supply and demand – Good results in consumption and trade

  • Aggregate supply and demand rose 1.2% q/q (2.9% y/y), seventh consecutive quarter of the recovery

  • Private consumption (3.4%) was the main driver, but also with positive results in exports (2.6%) and investment (2.5%)

  • We expect a slowdown in 2Q22, but we maintain our 2022 GDP forecast at 2.1%, given the strength of domestic demand

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

21 June 2022
Published byBanorte


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