Macro Analysis /
Global

Mexico: Timely Indicator of Economic Activity – Year-end weakness

  • Today, INEGI released its Timely Indicator of Economic Activity for December, as well as revised data for November

  • November’s print improved to -4.3% y/y sa (-4.8% y/y nsa) from -5.0% previously, implying a 0.2% m/m expansion

  • However, December stood at -5.4% y/y sa (-4.6% y/y nsa), with monthly declines in both services and industry

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
19 January 2021
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