Macro Analysis /
GlobalMexico: IP – Resilient at the end of 2Q22
IP rose 0.1% m/m in June (3.8% y/y), with mining (+2.1%) and construction (+0.3%) rebounding, and manufacturing flat
Results still show some dynamism in industry, and coupled with revisions, are in line with 2Q22 GDP preliminary figures
The outlook seems challenging, with a stronger slowdown in the US and high inflation among the main risks
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
11 August 2022
Published byBanorte
