Mexico

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

https://cdn.tellimer.com/providers/badge-banorte-EobAbKHtWMEQBCkEA6lSSX32TSXDmiYABBL7aTiF.png
Juan Carlos Alderete Macal @ Banorte
https://cdn.tellimer.com/providers/badge-banorte-EobAbKHtWMEQBCkEA6lSSX32TSXDmiYABBL7aTiF.png
Francisco Jose Flores Serrano @ Banorte
March 25th, 2022
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Most Read

1 ∙ Strategy Note ∙ Global
Fixed income strategy: 2024 outlook – pick your battles
2 ∙ Strategy Note ∙ Global
6 lessons from EM Equities in 2023
3 ∙ Macro ∙ Pakistan
Pakistan IMF review sparks rally amid improved external trade and inflation
4 ∙ Macro ∙ Global
US rate cycles: How long do peak rates last?
5 ∙ Macro ∙ Global
Kenya to abandon Eurobond plan, Bank of Mauritius leaves rates unchanged

Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.

This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.