The Timely Indicator of Economic Activity (IOAE), prepared by the National Institute of Statistics and Geography (Inegi) , anticipated a 1.1% increase in Mexican economic activity at an annual rate in December 2024 , which would reflect a slight increase specifically in services and commerce .
According to the report, the IOAE also estimated a monthly increase of 0.4% in the reference period.
Within economic activities, an annual increase of 0.3% is expected in secondary activities , which include the manufacturing industry and construction, in December 2024.
Meanwhile, an increase in tertiary activities, which include services such as trade, transport and communications, education and health, is also expected at an annual rate of 2.1% for December of last year.
For the last month of 2024, the IOAE estimates that the Global Indicator of Economic Activity (IGAE) will increase by 1.1% annually.
In monthly terms, an increase of 0.4% in the IGAE and 0.3% in secondary and tertiary activities is anticipated in December 2024, compared to November of the same year.
According to Inegi, the IOAE allows for timely econometric estimates of the evolution of the Global Indicator of Economic Activity, as well as secondary and tertiary activities.
These figures come after the National Consumer Price Index (INPC) , which measures the variation in the prices of a basket of goods and services, stood at 4.21% in December 2024, from the 4.55% annual rate reported in November, thus achieving the lowest rate for a year-end since 2020.
In turn, the Monex Financial Group indicated that economic activity in Mexico faces various risks associated with inflation levels, since this can weaken domestic consumption and a slowdown in the construction sector.
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