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Mexico's Economic Activity Shines in 5 Months

London, 22 December 2023

Mexico's Economic Activity Shines in 5 Months

October 2023 saw a 4.2% year-over-year increase in economic activity in Mexico, above market estimates of a 4.1% expansion and a dramatic acceleration from the 3.3% rise in the previous month to register the highest growth rate since May.

The outcome demonstrated Mexico's economy's resilience despite the Bank of Mexico's vigorous tightening programme by marking two years in a row of monthly growth.

Ample activity in the construction (27.7%), wholesale trade (7.9%), and agriculture (7.9%) sectors supported the expansion. The activity index decreased by 0.1% on a monthly basis that is seasonally adjusted.

(Source: Trading Economics // Edited by, The Decision Maker - Finance editors)


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