LatAm Daily | February’s IGAE grew 0.2% MoM in Mexico

Summary

The main driver of IGAE’s growth was the Service Sector (0.5% MoM) while industrial sector decreased (-0.1% MoM). This modest growth can be linked to modest GDP growth rates. Also, trade balance figures showed a surplus of 155 USM due to an annual negative rate of growth of imports of -6.7%. In Brazil, we expect the BCB to leave the Selic rate unchanged at 14.25%.

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