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Published on Tuesday, January 27, 2015 | Updated on Wednesday, January 28, 2015

In November the IGAE shows a positive annual performance (2.8% YoY, sa)

According to INEGI, Mexico's November the Global Economic Activity Indicator (IGAE) expanded 2.8% YoY sa. This increase, above our estimation (BBVA Research: 2.3% YoY, sa), was equivalent to 0.5% MoM sa. In original figures the IGAE showed an annual growth of 2.0% This performance was driven by a YoY increase in services (3.0%, sa), industry (2.4%, sa) and agriculture (1.2%, sa).