The data comes after the Mexican economy contracted in the fourth quarter of 2021, accumulating two periods in the red, according to preliminary data, with which it would have entered a technical recession.
Bottlenecks in global supply chains and a lack of private investment have made it difficult for Mexico to recover from the economic impact of the coronavirus pandemic.
Compared to January 2021, the IOAE rose 0.7%. The expected variation of secondary activities is 2.1% and 0.1% of tertiary activities.
Growth in the last two months of 2021
The latest data from the Global Indicator of Economic Activity (IGAE) published by the Inegi was for November 2021, with a growth of 0.3% at a monthly rate. This record was lower than the increase estimated by the IOAE of 0.56%.
In addition, for December 2021, the timely indicator estimates a growth of 1%, at a monthly rate. This projection is higher than the previously forecast of 0% and would mean that, in the last two months of last year, the economy grew.
The IGAE is an indicator that approximates the behavior that the growth or decrease of the Gross Domestic Product will have each month.
With information from Reuters
