For August 2022, Mexico's economic activity would grow 2.9% compared to the same period in 2021, while in its monthly comparison it does not present any variation, anticipated the Timely Indicator of Economic Activity (IOAE).

By large sectors that make up the Global Indicator of Economic Activity (IGAE), in secondary activities an annual increase of 3.1% was calculated, while for the tertiary sector an advance of 2.6%.

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While in its monthly comparison, the IOAE forecast a decrease of 0.1% for the secondary sector, while in the tertiary sector it did not present any variation.

According to the Monex report, the results of the last two months are the product of the dynamism shown by the manufacturing sector and that caused industrial activity to throw up a positive surprise in July with its 0.4% monthly advance.

However, it revealed that industries such as construction are suffering from a paralysis from which it will be difficult to escape under current conditions.

Services, on the other hand, maintain a limited performance and face downward pressures in the face of the adverse inflationary outlook that is eroding the fundamentals of domestic consumption.

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For Monex, the environment of high interest rates and multiple fronts of uncertainty make it difficult to achieve results as positive as those of the first half.

In addition, the Mexican economy is still 1.9% below its maximum pre-crisis level, so the results are part of an incomplete recovery process and a productive structure that operates below its potential, the consultant detailed.

In Solili you can consult industrial warehouses available in Monterrey and Ciudad Juárez

Original note