Macro Analysis /

Mexico: Domestic demand–Further progress in investment and consumption in April

  • GFI grew 1.9% m/m (+7.0% y/y) with machinery and equipment climbing 4.1%, and construction more modest at +0.7%

  • Consumption picked up 0.8% m/m (7.6% y/y), stringing a tenth month of gains and boosted by imported goods (+1.5%)

  • We anticipate that domestic demand will continue advancing in 2Q22, although likely moderating its pace

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

6 July 2022
Published byBanorte


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