Mexico Economic Activity June 2018

Mexico

Mexico: Economic activity accelerates in July

September 26, 2018

Economic activity grew 3.3% in July from the same month a year earlier, gaining steam from the 1.2% year-on-year expansion logged in June. According to INEGI, July’s result was driven by a rebound in the agricultural sector and solid growth in services.

On a month-on-month basis, economic activity increased 0.4% in seasonally-adjusted terms, contrasting June’s 0.1% fall.

Banxico expects growth of 2.0%–3.0% in 2018 and 2.2%–3.2% in 2019. Panelists participating in the LatinFocus Consensus Forecast expect growth of 2.2% in 2018, which is unchanged from last month’s forecast. For 2019, growth is also projected to pick up to 2.2%.


Author:, Economist

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Mexico Economic Activity July 2018

Note: Year-on-year changes and annual average growth rate of monthly economic activity in %.
Source: Mexico National Statistics Institute (INEGI)


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