Macro Analysis /

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

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

20 May 2023
Published byBanorte


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