Mexico: Economic activity falls at a softer clip in June
Latest reading: Economic activity fell 0.1% in seasonally adjusted month-on-month terms in June, following a 0.4% fall in the prior month.
Relative to the prior month’s data, the reading for the industrial sector improved in June (+0.2% on a seasonally adjusted month-on-month basis vs -0.7% in May). In contrast, readings worsened for the services sector (-0.1% vs +0.2% in May) and the primary sector (-3.6% vs -1.1% in May).
In annual terms, economic activity increased 2.8% in June, following 1.1% growth in the previous month.