Mexico: Ahead of the Curve

  • GDP in 1Q23 to be revised down by 10bps to 1.0% q/q, affected by a negative surprise in industry, with services stable

  • Inflation 1H-May to decline 0.20% 2w/2w, favored by the seasonality from electricity tariffs and lower overall pressures

  • Other relevant reports include 1Q23 current account, April’s trade balance, and the banking sector survey

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