Economic activity of Mexico grows 1.8% annually in January, estimates the INEGI

For December, the timely indicator of economic activity (IOAE) estimates that there will be a decrease of 0.3% in economic activity.

“The above would be consistent with a quarterly contraction of the GDP of 0.53% during the fourth quarter, a fall similar to that shown by the timely estimate of the GDP of 0.55% (rounded to 0.6%). The Review of the Fourth Quarter GDP will be published on Friday, February 21, along with the Global Indicator of Economic Activity (IGAE) of December, ”said Banco Base.

“The appropriate indicator estimates total slowdown signals for the economic activity of 2024,” Monex said.

“The appropriate indicator estimates total slowdown signals for the economic activity of 2024”, as well as a “pronounced deceleration for secondary activities, but to a lesser extent for those related to services,” Monex said.

The IOAE in advance of the economy’s performance before the publication of the IGAE General Index, a monthly GDP reference.

With Reuters information