Continuing Weakness at 2Q

MEXICO - Report 07 Aug 2013 by Mauricio González, Ernesto Cervera and Carlos Noriega
Economic Panorama In the Economic Panorama section of our previous Monthly Trends issue, we argued that, based on the very preliminary data available at that time, it appeared that the economic slowing apparent in the first quarter had been intensifying over the course of the second quarter of the current year. However, we also pointed to evidence that we might be witnessing a point of inflection and that the outlook for the second half of the year was looking more promising. This week we will revisit those arguments in light of the economic data available to date. Let us begin by listing t...

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