Macro Analysis /
GlobalMexico: 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
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
22 March 2022
Published byBanorte
