Macro Analysis /

Mexico: Timely Indicator of Economic Activity – Modest recovery in 2Q22 GDP

  • May’s estimate was revised downwards to 0.0% m/m (1.5% y/y sa), with both services and industry moderating

  • June’s figure came in at -0.4% m/m (2.1% y/y sa), with declines in industry (-0.3%) and services (-0.5%)

  • The results suggest 2Q22 GDP at 0.8% q/q (+1.9% y/y nsa), underpinned by strong domestic demand

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

19 July 2022
Published byBanorte


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