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Macro Analysis / Mexico

Mexico: Timely Indicator of Economic Activity – Lower growth at the start of Q4

  • INEGI released its Timely Indicator of Economic Activity, which provides an advance estimate for the monthly GDP-proxy
  • For September, they now expect a 7.0% y/y sa decline (-5.5% y/y nsa), from -6.9% forecasted in last month’s report
  • Meanwhile, the forecasted print for October stands at -6.2% y/y sa (-6.7% y/y nsa)
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