Macro Analysis /

Mexico: Timely Indicator of Economic Activity – Better signs in 2022

  • January’s forecast improved to 0.5% m/m (1.6% y/y sa), supported by industry but with services still negative

  • February’s estimate implies 0.3% m/m (2.8% y/y sa), reflecting a reactivation in domestic demand, especially in services

  • These results suggest resiliency. However, some risks prevail, including price pressures and supply chain disruptions

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

22 March 2022
Published byBanorte


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