Macro Analysis /
Mexico

Weekly economic calendar - For the week ending Jun 5, 2020

    Manuel Jimenez Zaldivar
    Manuel Jimenez Zaldivar

    Director of Market Strategy

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    Gabriel Casillas Olvera
    Alejandro Padilla Santana
    Banorte
    1 June 2020
    Published byBanorte
    In the US. attention will be on May’s non-farm payrolls report. We estimate a 10,000k decline, with the unemployment rate surging to 18.5% from 14.7% in April. Focus also in the ECB’s monetary policy decision, where we expect an increase in the Pandemic Emergency Purchase Program (PEPP) of €500 billion, with rates left unchanged. In Mexico, we estimate gross fixed investment to decline 10.9% y/y (-2.6% m/m) in March.