Mexico | Industrial performance and retail sales suggest IGAE will grow 2.3% YoY, sa

Summary

This will reveal the economy’s lethargy resulting from the weak increase in industry over the same month (0.2% MoM, sa), although we are expecting better performance in services. Note that, in January, the IGAE reported YoY expansion of 2.6%, sa, which in monthly terms translated into growth of just 0.2%

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