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September 22, 2023
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Mexico economic activity growth 3.45% y-o-y in Jul-23


- Mexico's economic activity growth in July 2023 registered a year-on-year increase of 3.45%, marking the lowest growth rate since May 2023.
- Despite the slowdown, the growth rate remains 1.40 percentage points above the long-run average, suggesting a resilient performance compared to historical norms.
September 21, 2023
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Mexico retail sales 0.24% m-o-m (consensus 0.2%) in Jul-23

- Retail sales in Mexico experienced a slower growth rate in July 2023, increasing by only 0.24% month-on-month, compared to 2.25% in the previous month.
- Despite the slowdown, the growth rate in July was still above the long-run average by 0.08 percentage points, indicating a relatively strong performance in a broader historical context.

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