Regional Analysis Mexico
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GDP advanced 4.8% in 2021, 8 states recovered to pre-pandemic levels. Administrative, Support and Financial Services sectors stall while Manufacturing, Wholesale/Retail and Transportation sectors accelerate.
At the end of 2021, Construction grew faster than the economy, facing a strong increase in input prices, it is expected that in 2022 it will grow, driven by Civil Works. The mortgage market continues to advance but at a more moderate pace for this year.
The industry and the tertiary sector advanced 1.1% QoQ, respectively, with greater improvements in manufacturing, wholesale commerce and tourism.
February 2, 2022
Mexico | Consumption grew 2.0% in January with less mobility and higher spending on goods
The behavior by components suggests a correction on the high expenditure on services registered during the holiday season, on top of an increase in the number of Omicron cases that could reduce families’ activities outside the home.
Economic activity fell (-)0.1% QoQ in 4Q21 with a drop in the tertiary sector and a modest growth in industry; with this preliminary figure and the drop for 3Q21 (-0.4% QoQ) the economic activity slides into a technical recession
The weak October figure adds to the contraction that spending registered in 3Q21 of (-)1.0% QoQ, period that was affected by the spread of the Delta variant and the fading of the initial momentum after reopening
El desarrollo de plataformas digitales de compra y venta de autos en México es llamativo por su reciente crecimiento y el potencial de su modelo de negocio. Sus políticas de control de calidad y transparencia en los procesos de adquisición, valuación y venta de seminuevos implican ya un incremento en el bienestar social.
The economic activity grew (-) 0.8% at an annualized rate due to a fall in the tertiary sector and a moderate growth in industry