We expect the Mexican economy to have expanded 2.1% in annual terms in 2014

Summary

After a quiet day yesterday, today the Mexican activity data for the year end will be published. We expect an upturn in 4Q14 to 0.8% QoQ, from the 0.5% QoQ registered in 3Q14. For December we expect recovery in services in contrast to the performance from the manufacturing sector.

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