Timely Indicator of Economic Activity–Slight moderation through the end of 3Q22

  • August’s estimate was revised up to 0.1% m/m (3.2% y/y sa) on marginally higher dynamism in industry, but services flat

  • Null progress in September (0.0% m/m; 3.3% y/y sa). Industry stands unchanged (0.0%) and services lower (-0.1%)

  • Results suggest 0.6% q/q growth (+3.0% y/y nsa) in 3Q22 GDP, this would be positive given progress in 1H22

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