Mexico: Economic activity dips in March
Latest reading: The monthly indicator for economic activity (IGAE) declined 0.4% month-on-month in seasonally adjusted terms in March (February: +1.0% mom). The figure was driven by deteriorations in the services and industrial sectors.
On an annual basis, economic activity rose 2.5% in March (February: -0.6% yoy), the best result since July 2024. Accordingly, annual average economic activity growth rose to 1.1% in March (February: +0.8%).