Mexico's economic activity grew 0.4% at a monthly rate during July, indicated the National Institute of Statistics and Geography (Inegi).
Compared to June, primary activities grew 0.8%, while secondary and tertiary activities grew 0.4%, during July.
At an annual rate, the Global Indicator of Economic Activity (IGAE) grew 2.2%. However, primary activities had an annual contraction of 2.7%. Secondary and tertiary activities, for their part, grew 3.5 and 1.7% compared to July 2021.
In June, the IGAE had shown a contraction of 0.3% at the monthly rate and the Inegi estimates that, for August, the variation will be 0%.
This indicator is made up of production data from all sectors, in addition to taking into account information on occupation and employment. And it is also considered a parameter to estimate the Gross Domestic Product of Mexico.
