Mexico | In February the IGAE shows a negative monthly performance (-0.03% MoM, sa)

Summary

According to INEGI, the Global Economic Activity Indicator (IGAE) of Mexico had zero growth in February from previous month, with seasonally adjusted figures (sa). This was equivalent to an annual growth rate of 2.2%, sa. In the original series IGAE reported and increase of 2.3% YoY, in line with our forecast and below consensus (BBVAe: 2.3% YoY; consensus: 2.4%).

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