Macro Analysis /
Global

Mexico: Ahead of the Curve

  • Inflation in 1H-Sep to rise 0.29% 2w/2w, with pressures at the non-core. As such, the annual print would climb to 5.73%

  • Retail sales in July to post a modest 0.2% m/m rebound (+11.6% y/y) with cautiousness among consumers prevailing

  • Aggregate supply and demand to climb 25.8% y/y, likely with a good performance in consumption

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
17 September 2021
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