Macro Analysis /

Mexico: IP – Strong acceleration in March on a more favorable backdrop

  • IP climbed 1.7% y/y, which represents +0.7% m/m, better than expected. This is higher than implied in 1Q21 GDP

  • Sectors most impacted by blackouts (utilities and manufacturing) recovered, while construction and mining backtracked

  • This implies an upward revision to 1Q21 GDP of 10bps to -3.7% y/y. The outlook remains positive despite some risks

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

12 May 2021
Published byBanorte


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.