Mexico Economic Activity June 2019

Mexico

Mexico: Economic activity bounces back in June

August 23, 2019

The monthly indicator for economic activity (IGAE, Indicador Global de la Actividad Económica) advanced 0.2% in seasonally-adjusted, month-on-month terms in June, following May’s flat reading.

June’s result chiefly reflected a healthy expansion of the industrial sector, which more than offset a marked fall in primary-sector activity. Meanwhile, activity in the services sector stagnated.

On a year-on-year basis, economic activity slid 0.9% in June, more sharply than May’s 0.4% dip. Lastly, annual average growth in economic activity edged down from 1.2% in May to 1.0% in June.

Analysts participating in the LatinFocus Consensus Forecast expect growth of 1.1% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, growth is projected to pick up to 1.6%.


Author:, Economist

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Mexico Economic Activity June 2019

Note: Month-on-month (s.a.) and year-on-year changes of economic activity indicator in %.
Source: Mexico’s National Statistical Institute (INEGI)


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