Passing a Point of Inflection

MEXICO - Report 08 Oct 2013 by Mauricio González and Ernesto Cervera
Economic Panorama Last week we discussed the factors that have most contributed to the way in which the Mexican economy began to get bogged down during the first half of the year. In this edition we turn our attention to updated indicators – such as Mexico’s monthly GDP proxy (Index of Global Economic Activity or IGAE), government spending on infrastructure, export activity, and trends in manufacturing payrolls – which may be pointing to the likelihood of a recovery during the second half of the year. This past week the authorities published their index of consumer sentiment, whose original...

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