Macro Analysis /
Global

Mexico: Mixed domestic demand in July, influenced by virus conditions

  • GFI rose 2.1% m/m (+15.7% y/y), with improvements in both construction (+2.1%) and machinery and equipment (+4.5%)

  • Consumption barely edged-up 0.1% m/m (+11.9% y/y), likely muted given worsening epidemiological conditions

  • Activity will likely maintain a positive trend. However, the third wave of cases probably impacted dynamism in 3Q21

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
6 October 2021
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