Economic activity in Mexico would grow 1.9% in October; promote commerce and services

The level of economic activity in Mexico it would add two months of recovery in September and October 2021, after slowing down the pace of the post-pandemic economy. This progress is driven by the dynamism in the commerce and services sectors, which until this second half of the year have recovered almost all of their activities.

During October, the Timely Indicator of Economic Activity (IOAE) would increase 1.9% compared to the previous month, according to the projections of the Inegi (National Institute of Statistics and Geography).

In line with the progress of the national program of vaccination and the reopening of entertainment activities, culture, sports and massive events that could reopen their doors or relax restrictions, this sector is the one that presents the most pronounced expected growth, positively impacting the general economic activity.

Inegi estimates expect an increase of 2.0% for tertiary activities (commerce and services), while for secondary activities ( industries mining, manufacturing, construction or energy companies), an advance of 1.3 percent is projected.

For him Mexico GDP A rebound of between 4 and 6% is expected in 2021, specialists and organizations expect that the second half of the year, in general terms, will show better economic dynamism.



Reference-www.eleconomista.com.mx

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