Macro Analysis /

Mexico: IP – Positive surprise in April fueled by mining and manufacturing

  • IP rose 0.6% m/m in April (2.7% y/y). All categories were up, with strength in mining (+1.4%) and manufacturing (+1.2%)

  • External demand kept driving manufacturing, with little evidence of an impact from further shocks and high prices

  • We believe that IP will keep facing risks related to trade and prices, with manufacturing key to maintaining dynamism

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

10 June 2022
Published byBanorte


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