Mexico | IGAE and exports point to moderate economic performance in the first quarter

Summary

We expect manufacturing and non-manufacturing performance expectations for March, as expressed through the IMEF indicators, to show a moderate improvement. Remittances to Mexico in February may return to their growth path, with a flow of USD1.892bn (10.1% YoY). We expect the total gross fixed investment index for January to record an annual growth rate of 5.1%

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