Mexico: Economic activity returns to growth in December
Latest reading: Economic activity rose 0.4% in seasonally adjusted month-on-month terms in December, following a 0.1% decline in the previous month.
Relative to the previous month’s figures, readings in December improved for the services sector (+0.2% in seasonally adjusted month-on-month terms vs -0.4% in November) and the primary sector (+6.5% vs -7.7% in November). In contrast, the reading for the industrial sector softened in December (+0.2% vs +0.6% in November).
In annual terms, economic activity was up 3.3% in December, following a 0.1% fall in the previous month.