Mexico: Economic activity rises in March
Latest reading: Economic activity increased 0.4% on a seasonally adjusted month-on-month basis in March, following a 0.1% rise in the previous month.
Relative to the prior month’s figures, readings in March improved for the services sector (+0.8% in seasonally adjusted month-on-month terms vs -0.0% in February) and the primary sector (+4.5% vs –2.8% in February), while the industrial sector deteriorated (-0.6% vs +0.4% in February).
On a year-on-year basis, economic activity increased 1.4% in March, contrasting the prior month’s 0.4% decline.