Macro Analysis /

Mexico: 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
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

25 March 2022
Published byBanorte


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