“This is the second consecutive monthly decline and the sixth in 9 months; with this, a clear downward trend is shown in 2021 “, said Julio Santaella, president of Inegi, recalling that, in August, the IGAE’s decrease was 1.6%
With this setback, the full economic recovery of Mexico, after the outbreak of the pandemic, will take more months to arrive, according to Janneth Quiroz, deputy director of Economic Analysis at Grupo Monex.
??Economic activity is not only losing dynamism, but, for the second consecutive month, it is going backwards. With this, the time it will take to recover the ground lost by the pandemic will extend for several more months, or years? ? https://t.co/bAWnobGOoF
– Janneth Quiroz Zamora (@Janneth_QuirozZ)
November 25, 2021
Due to large activities, primary and secondary activities decreased 1.4%, while tertiary activities decreased 0.3% in September, compared to the previous month.
In annual terms, the IGAE registered a real advance of 1.3% in the reference period. By sectors, secondary activities increased 1.7% and tertiary 1.2%. But primary activities fell 1.7%, relative to September 2020.
