Macro Analysis /
GlobalTimely Indicator of Economic Activity – The recovery likely continued in 2Q22
April’s forecast improved to 0.8% m/m (1.3% y/y sa), with a positive surprise in industry and services also higher
For May, the estimate is at 0.1% m/m (1.0% y/y sa), with a moderation but industry and services still positive
We expect the pace of activity to have moderated in 2Q22, albeit still positive
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
21 June 2022
Published byBanorte
