Macro Analysis /
Global

Mexico: Timely Indicator of Economic Activity – Entering 3Q21 at a slower pace

  • Today, INEGI released its Timely Indicator of Economic Activity for July, as well as revised estimates for June

  • June’s estimate was unchanged vs. the preliminary figure, which would result in +0.3% m/m (+15.3% y/y sa)

  • For July, they forecast +0.5% m/m (+9.9% y/y; sa), picking up despite a challenging backdrop on the virus

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 August 2021
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