Worse-than-expected slowdown for the Mexican economy

January 25, 2023

The Mexican economy slowed down during November. The Global Indicator of Economic Activity (IGAE) registered a decrease of 0.45 percent, compared to October, the month in which it stagnated, according to the National Institute of Statistics and Geography (Inegi).

The drop in the data was higher than the Timely Indicator of Economic Activity (IOAE) which expected a contraction of 0.13 percent per month, according to seasonally adjusted figures.

“With the monthly drop reported in November and the stagnation registered the previous month, the IGAE trend becomes slightly negative. With this, the difference to . . .

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