In July the IGAE shows an unexpected positive annual performance (2.5% YoY, sa)
Published on Wednesday, September 24, 2014 | Updated on Wednesday, September 24, 2014
In July the IGAE shows an unexpected positive annual performance (2.5% YoY, sa)
Summary
According to INEGI, Mexico's July the Global Economic Activity Indicator (IGAE) expanded 2.5% YoY sa. This increase, slightly above our estimation (BBVA Research: 2.1% YoY, sa), was equivalent to 0.4% MoM sa. This performance was driven by a YoY increase in Agriculture (6.8%, sa), Services (2.6%, sa) and Industry (2.0%, sa).
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Juan Carlos Rivas