Macro Analysis /

Timely 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
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

21 June 2022
Published byBanorte


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