Macro Analysis /

Mexico: IP – Strength continued in July, driven by manufacturing

  • IP rose 0.4% m/m in July (2.6% y/y), stringing five months higher and with output matching pre-pandemic levels

  • Inside, manufacturing was higher (+1.6% m/m), but with large setbacks in mining (-2.5%) and construction (-0.9%)

  • Challenges prevail, although expecting positive demand dynamics in the US and Mexico to keep supporting the sector

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

9 September 2022
Published byBanorte


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