Macro Analysis /
Global

Mexico: IP – October’s modest rebound still suggests a challenging backdrop

  • Industry pricked up 0.6% m/m (+0.7% y/y), with a modest uptick in mining (0.2%) but lower construction (-1.3%)

  • Meanwhile, manufacturing grew 1.8%, with transportation up 6.8% as it rebounds after recent weakness

  • Limited industry growth is still expected during the rest of 2021 and into 1H22 despite some signs of improvement ahead

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
10 December 2021
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