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The BBVA Research Big Data Consumption Indicator grew 2.1% MaM in August, bringing the average annual variation of the first eight months of the year to 9.1%, 2.3 pp below that observed in the same period of the year former.
Artificial intelligence (AI) holds great potential for boosting economic productivity and driving climate action, supporting innovations for the energy transition. However, it also places increasing strain on energy and water resources.
In the second quarter of 2024, the current account deficit stood at 1.6% of GDP, the lowest level since 2009. FDI fell to 2.75% of GDP, though it was sufficient to finance the deficit. The deficit is expected to close 2024 at around 3% of GDP.
Social Security affiliation fell by 193,700, and unemployment increased by 21,900 due to seasonal factors. After adjusting for this factor, it is estimated that the number of contributors rose by 23,000, while the unemployed decreased by 4,500.…
July inflation was 0.28% m/m. The result is explained by the increase in the prices of some foods, especially poultry products and tubers, which was explained by supply factors. With this result, the interannual inflation rate stood at 2.0% in …
Remittances have been volatile over the past five months. Increases have been reported in two of them (April and June, even months) and declines in three months (March, May and July, odd months). In August, the peso depreciated 5.4%, so the next remittance report is expected to show growth.
The slowdown in credit growth started to become more pronounced towards the end of 2Q24 with tight monetary policy and more restrictive macroprudential measures. TL and FC credit growth levels came below the regulatory thresholds.
Formal employment grew by 2.0% year-on-year in July, similar to the previous month but 0.2 percentage points below the forecast. A moderate improvement is expected in the coming months. Permanent employment has shown resilience, with 322 thousa…
DiGiX aims to capture the global evolution of digitization by monitoring this pheonomenon across 98 countries. Our index combines 24 variables grouped in six dimensions that represent three pillars: supply (infrastructure and costs), demand (us…
Filter all of our publications to find the ones about the geography you are most interested in.
Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
The accumulated figures for the first half of 2024 reveal a trade balance of 5 billion USD, a smaller deficit than the previous year's first half. In the same period, FDI in Mexico totaled 31.1 billion dollars, a reduction of 1.0 billion from the same period of 2023.
Economic activity continued to weaken on tighter financial conditions and demand may slow down further in 3Q. We have updated our 2024 growth forecast to 3.2% from 3.5% on base effects, and our 2025 growth forecast to 2.7% from 3.5% on the lagged impact of restrictive monetary stance and fiscal consolidation.
Fed’s focus has shifted to the labor market and, in view of monetary policy lags, achieving a soft landing is now its main worry. This means the FOMC will not wait for weak labor market conditions before softening the policy stance.
After the poor result in June, activity advanced 4.5% year-on-year in July. The release of private pension funds and an additional working day had a positive impact on this figure.
As expected, the ECB cut interest rates by 25 basis points, as inflation improves and medium-term risks diminish. Christine Lagarde dropped no hints regarding possible future decisions, as per the central bank’s recent policy of taking action m…
