Banorte

This indicator is an effort by INEGI to forecast the monthly GDP-proxy IGAE five weeks in advance, which is very valuable. It is constructed through nowcasting methods, based on econometric models –which in turn rely on forward-looking high-frequency...

Timely Indicator of Economic Activity (December). This release will include the first estimate for December, as well as revised figures for November. Therefore, it is likely that the estimate shows a sequential decline. In this sense, IMEF’s PMIs poi...

The economy has reached levels that we see as consistent with the Fed’s dual mandate, with inflation at 7.0% and the unemployment rate at 3.9%. Given persistent supply chains issues and the renewed spread of the pandemic, we believe that high inflati...

Industry below expectations in November. Supply disruptions remain a binding restriction for growth. With this, activity was 3.5% lower than in February 2020, which we use as a pre-pandemic benchmark, on top of being 7.4% lower than the historical hi...