Mexico’s economy grew 0.44% in April, its best result in 3 months

May 18, 2023 | 8:05 am

The The Mexican Economy Surprise in April 2023 With strong growthBut mostly because of the rebound effect.

The Timely Indicator of Economic Activity (IOAE) conducted by the National Institute of Statistics and Geography (INEGI) reveals. There will be a monthly increase of 0.44% in the fourth month of the current year.

You can read: GDP gets best start to year in over a decade; But the prospects are daunting

This is the highest level in the last three months. The figure was revised downwards in MarchGoing from a 0.10% rise to a 0.14% fall.

Added to the lowest base of comparison Disturbance dilutioneffect nearby and resilience of external and local demand.

Going forward, erosion of purchasing power, monetary tightening and a more uncertain economic environment globally are expected to create greater weaknesses in consumption, investment and exports, reflecting lower energy.

Warnings to go further.

This may interest you: Accumulated inflation in Mexico reached 24.60% under the AMLO administration

For large sectors, Secondary activity rose 0.49% in April, after falling 0.89% in MarchThe third level rose 0.41%, the best result in three months.

On an annual basis, a declining trend is observedAs the Mexican economy grew by 2.6%, the lowest variation in the last 10 months.

For more information visit our YouTube channel

See also  IPE | What measures are necessary to reverse the recession and restore business confidence and private investment in Lima and other affected areas? | Recession in Agriculture and Fisheries | economy

Table of contents

Read more

Local News