Macro Analysis /

Mexico: Timely Indicator of Economic Activity – Upward revision in 1Q22 GDP

  • February’s estimate had a strong upward revision at +1.1% m/m (0.5% y/y sa), with services better (+1.0%)

  • April’s print came in at 1.8% m/m (1.1% y/y sa). Industry would accelerate (+0.5%), with services still positive (+0.4%)

  • These results suggest that 1Q22 GDP would be revised to 1.2% q/q, stronger than the preliminary figure of 0.9%

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

19 May 2022
Published byBanorte


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