The Economist – Mexico City
After falling in March, the Mexican economy reported a recovery in April, according to the information released by the National Institute of Statistics and Geography (INEGI).
In April, the global indicator of economic activity (IGAE) reported a growth of 0.5% in monthly comparison.
In this way, Mexico’s economy would recover after the contraction of 0.2% reported in the previous month.
With the April data, growth would be above what Inegi himself expected. The timely indicator data of economic activity (IOAE) predicted a monthly contraction of 0.3%.
In annual comparison, the Mexican economy expanded 1.4% per year.
The detail due to economic activity revealed that the primary sector, which encompasses hunting, agriculture, livestock and the like, reported a 3.7%drop.
In the case of secondary activities, where the industries are, these expanded 0.1% monthly.
On the other hand, tertiary activities, where services are encompassed, expanded 0.9% in monthly comparison.
The data occurs in the midst of economic uncertainty caused, mainly by the decisions of the United States.
According to the Ministry of Finance and Public Credit (SHCP), this year the Gross Domestic Product (GDP) of Mexico will grow between 1.5% and 2.3%. However, this prognosis has been considered as optimistic.
In this sense, the World Bank, for example, reviewed down its growth projection to 0.2% for this year, while the Mexican Institute of Finance Executives (IMEF) maintains a projection of 0.1%.
For its part, the Organization for Economic Cooperation and Development (OECD) He reviewed his expectation a few days ago, passing it from a contraction of 1.3% to a growth of 0.4%.
Meanwhile, the Bank of Mexico (Banxico) provides for a specific growth of just 0.1%.
