Macro Analysis /
GlobalMexico: 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
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
9 September 2022
Published byBanorte
