Mexico: Ahead of the Curve

  • We expect 1H-Oct CPI at 0.49% 2w/2w, with an adverse seasonal effect from the end of discounts to electricity tariffs

  • August’s GDP-proxy to fall 0.2% m/m (3.7% y/y) on a contraction in services, but with industry resilient

  • Other relevant releases include September’s trade balance, unemployment, and the public finance report

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