According to the information shared by the National Institute of Statistics and Geography (Inegi), the Mexico’s economic activity recorded a 0.4% increase during the third month of the year this in comparison to the same month but of the previous year.
“#INEGI presents the updated information of the Timely Indicator of Economic Activity #IOAE, which estimates in advance the behavior of the Global Indicator of Economic Activity. https://bit.ly/3xAaQEe #ComunicadoINEGI”, shared the Institute.
The Timely Indicator of Economic Activity (IOAE), estimates in advance the performance of the economy before the publication of the general index IGAE, a reference of the Gross Domestic Product (GDP) monthly.
It may interest you: Choix will hold its first municipal flea market
“For the Large Activity Sectors of the IGAE, an annual increase of 3.1% is calculated in Secondary Activities and a decrease of 0.3% in the Tertiary Sector. The estimates refer to seasonally adjusted figures”, added the Institute.
The Institute reported on a year-over-year advance of 3.1 percent for secondary activities (Industry), in addition to a 0.3 percent decline for the tertiary sector (trade and services). The figures corresponding to February, the IOAE registered a year-on-year increase of 2.8%
“In March 2022, the Timely Indicator of Economic Activity estimates a variation at the annual rate of the IGAE of 0.4%. The series considered present their respective confidence intervals at 95%”, shared the Inegi.
In March 2022, the IOAE estimates that the IGAE had an increase of 0.8% compared to February of the same year. Considering the main Large Activity Sectors of the IGAEfor the Secondary Activities a monthly growth of 1% is calculated and for Tertiary Activities of 0.7%.
“For March 2022, the value of the IOAE (base 2013=100) is 110.9 for the IGAE, 101.2 for Secondary Activities and 115.7 for Tertiary Activities,” the Institute shared.
It may interest you: SSPyTM “cooks” a group against shoplifting in Culiacán
For its part, the IMCO pointed out that the IOAE is the first estimate of growth in the country, where a slowdown is expected during the month of March with 0.4 percent annualwhile during February the economy would have grown by 2.8 percent compared to the same month of 2021.
#Inegi #economic #activity #Mexico #registered #growth #March