The Timely Indicator of Economic Activity (IOAE) estimates in advance the performance of the economy before the publication of the IGAE general index, a benchmark of monthly GDP.
Comparing economic activity with June, the IOAE estimates that economic activity will contract 0.1% during July.
A decrease of 0.2% is calculated for secondary activities and 0.1% for tertiary activities, compared to the previous month.
In May, the Global Indicator of Economic Activity (IGAE) grew just 0.03% per month and it is estimated that in June it will have a contraction of 0.1% at a monthly rate, according to Inegi figures. Although, compared to June 2021, economic activity would be 2.1% higher.
If the Inegi forecasts are fulfilled, the Mexican economy would accumulate two months, June and July, with monthly contractions of 0.1%.
