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Mexico Economic Activity Growth 3.7% y-o-y (consensus 3.4%) in Aug-23

- Mexico's economic activity growth increased to 3.7% y-o-y in August 2023, the highest rate since June 2023 and beyond expectations of 3.4%.
- The month-on-month growth rate for August 2023 was 0.4%, indicating a modest increase in economic activity.

Mexico CPI Inflation 4.45% y-o-y in Sep-23

- Mexico's CPI inflation in September 2023 reached a year-on-year growth rate of 4.45%, the lowest since February 2021, in line with expectations.
- The figure is 2.00 percentage points below the one-year average, indicating a more subdued inflationary environment in Mexico.

Mexico PMI Manufacturing 49.8 in Sep-23

- Mexico's PMI Manufacturing contracted in September 2023, reaching its lowest level since January 2023.
- The reading of 49.8 indicates a slight decline in manufacturing activity and falls below the one-year average by 1.02 points.

Mexico unemployment rate 2.72% in Aug-23

- Mexico's unemployment rate in August 2023 decreased to 2.72%, the lowest level since June 2023.
- The current unemployment rate is below both the one-year and long-run averages, indicating sustained improvement in the job market and a positive outlook for Mexico's economy.