Macro Analysis /
Global

Mexico: Weak investment and resilient consumption in September

  • GFI fell 1.6% m/m in September (+9.9% y/y), with weakness across both construction and machinery

  • Consumption rose 0.9% m/m (+8.1% y/y), with domestic categories stronger as imported goods declined

  • We believe the outlook is more favorable for the remainder of 2021, despite some risks persisting

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
7 December 2021
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