Macro Analysis /
Global

Mexico: The reopening kept benefitting domestic demand in March

  • Investment rose 2.3% m/m, still providing signs of more dynamism lately and led by machinery and equipment (3.0%)

  • Consumption grew 2.8%, with all categories stronger. In our view, this component was helped by better COVID-19 dynamics

  • We continue seeing a gradual recovery of domestic demand, with consumption likely at a faster pace than investment

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
7 June 2021
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