Macro Analysis /
GlobalMexico: 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
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
6 July 2022
Published byBanorte
