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August 26, 2022
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Mexico’s economic activity falls 0.3% in June

Mexico's economic activity contracts in May

With a monthly decrease of 6% in primary activities, an increase of 0.1% in secondary activities and a stagnation in the tertiary sector, the Global Indicator of Economic Activity fell 0.3% in June, although it maintains a growth of 1.8% at the annual rate.

Compared to the same month in 2022, the drop in primary activities in June was 3%, while secondary and tertiary activities grew 3.8% and 1%, respectively.

It is the second contraction in economic activity after falling 0.2% in May in its monthly comparison. This after having presented a growth of 1.07% in April.

The falls in May and June affected the growth of the Gross Domestic Product for the second quarter of 2022, which grew 0.9% compared to the previous period, according to data released by Inegi this Thursday.



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