Macro Analysis /
Global

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

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
17 September 2021
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