Mexico: Timely Indicator of Economic Activity – Signs of a deceleration in 3Q21

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

  • July’s estimate was higher vs. the preliminary figure, resulting in 1.0% m/m growth (+8.7% y/y sa)

  • For August, they forecast -0.2% m/m (+6.8% y/y; sa), dampened by supply constraints and virus woes

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