BMV loses after Inegi data on GDP contraction

The Mexican stock exchange (BMV) was losing in its first trades on Thursday after being disclosed earlier than the local economy contracted in the third quarter more than expected, in a session of reduced liquidity due to a holiday in USA that will keep financial markets closed.

The local benchmark S & P / BMV IPC index was down 0.38% to 50,663.25 points at 9:05 a.m. local time (15:05 GMT).

The Economy of mexico It contracted between July and September by 0.4%, more than what was preliminarily estimated and what the market expected, in its first fall since its recovery from the pandemic began, hit by the third wave of Covid-19 and bottlenecks in supply chains.