Macro Analysis /
GlobalMexico: GDP-proxy IGAE – Sequential increase driven by industry and services
Activity rose 0.4% m/m (1.8% y/y) in January, positive amid a more challenging backdrop
Sequentially, industry (1.0%) and services (0.4%) were higher, but with agriculture down 2.3%
We believe GDP will grow in 1Q22, supported by better short-term dynamics in domestic demand
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
25 March 2022
Published byBanorte
