The Global Indicator of Economic Activity presented a monthly growth of 1%, driven by a growth of 3.6% in primary activities, 1.2% in tertiary activities; while the secondary activities remained unchanged compared to the previous month.
At an annual rate, the indicator used to estimate the growth of the Mexican economy grew 4.7%, reaching 113 points in the base index, its best level since September 2019, when it stood at 113.3 points.
A previous estimate indicated that the IGAE would grow just 0.1% at a monthly rate, for which the 1% growth observed in August is above expectations.
For the month of September, the Timely Indicator of Economic Activity estimates IGAE growth of 0%, with a decrease for tertiary activities of 0.1% in its central scenario.
