Macro Analysis /

Mexico: IP – Growth continues in May, driven by manufacturing

  • IP increased 0.1% m/m (3.3% y/y). Manufacturing rose 0.2%, while mining (-0.7%) and construction (-0.6%) were lower

  • Overall, activity remains limited by some supply shocks, trade disruptions and inflationary pressures

  • We expect the recent slowdown to be reversed in 2H22, mainly driven by manufacturing

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

12 July 2022
Published byBanorte


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.