The Timely Indicator of Economic Activity (IOAE), a projection of the performance of the economy before the publication of the general IGAE index, a reference for the monthly Gross Domestic Product (GDP), foresees a decline of 0.1% compared to the previous month.
For secondary activities, which include manufacturing, a decrease of 0.1% is anticipated, while for the tertiary sector, which includes services, the decrease would be 0.2%, according to the report.
For August, the IOAE calculated an economic decline of 0.3%.
At an annual rate, Latin America’s second largest economy would have grown 0.5% in September, according to forecasts.
In September 2024, the Timely Indicator of Economic Activity #IOAE estimates an annual variation of 0.5% in the Global Economic Activity Indicator #IGAE.
By activity, the expected annual variations are the following:
⬇️-0.5%, secondary
⬆️ 0.9%, tertiary— INEGI INFORMA (@INEGI_INFORMA)
October 21, 2024
