Macro Analysis /

Mexico: Timely Indicator of Economic Activity – Slight setbacks in June and July

  • June’s estimate was revised upwards to -0.1% m/m (2.1% y/y sa), with adjustments higher in the two subsectors

  • July’s print also came in at -0.1% m/m (1.5% y/y sa), with industry at -0.2% and services falling -0.1%

  • These results suggest a slight downward revision to 2Q22 GDP, with an additional moderation in activity ahead

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

18 August 2022
Published byBanorte


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