Economic activity in Mexico reports 19.7% drop in April
In annual terms, the Global Economic Activity Indicator registered a real reduction of 19.7% in April, according to Inegi data.
"The contraction of the Global Indicator of Economic Activity in annual terms during April 2020 (-19.7% y / y) exceeded the previous falls in the series, including the previous minimum variation in October 1995 (-10.3%)," said the president. del Inegi, Julio Santaella.
The IGAE showed a decrease of 17.3% in real terms in the fourth month of this year compared to the previous month, with seasonally adjusted figures.
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