Searcher

Mexico | GDP grows 1.6% at an annualized rate in 1Q21 driven by trade and services

Published on Friday, April 30, 2021

Mexico | GDP grows 1.6% at an annualized rate in 1Q21 driven by trade and services

Economic activity with a favorable evolution in 1Q21 (0.4% QoQ) with mixed performance among its components. The tertiary sector grows 0.7% QoQ in the first quarter of the year driven by the higher mobility registered in recent months.

Key points

  • Key points:
  • The industry shows a stagnation in 1Q21 (0.0% QoQ) affected by the power outage in Texas and some northern states, as well as by the shortage of semiconductors
  • Going forward, a greater impulse from the United States would have positive effects on external demand with a transfer to the Mexican manufacturing sector
  • The slow application of vaccines gives caution on the speed of recovery of consumption

Documents to download

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in