Economic activity in Mexico grows 3.5% annually in February

Within the economic activity indicator, secondary activities reported an increase of 2.9% and 3.1% in tertiary activities.

In its monthly comparison, an expansion of economic activity of 0.3% is expected, with growth of 0.2% for secondary activities and 0.3% for tertiary activities.

“January was revised upwards, going from a monthly growth of 0.38% to one of 0.43%, the highest since September 2022. The IGAE for January will be published on March 24. For its part, the IOAE for February showed a monthly growth of 0.29%. Assuming monthly growth of 0% in March, quarterly GDP growth would be 1.01% in the first quarter of 2023.” noted an analysis by Banco Base.