The Mexican economy would have shot up 24.8% in May compared to the same month last year, according to preliminary figures released on Thursday by the National Institute of Statistics and Geography (Inegi).
The Timely Indicator of Economic Activity (IOAE) estimates economic performance in advance before the publication of the general IGAE index, a benchmark for monthly GDP.
Secondary activities presented a positive variation of 36.4% last month, while tertiary activities rose 19.8%.
The figures with marked increases occur in the context of a low base of comparison with May of last year, when the second largest economy in Latin America was hard hit by the restrictions derived from the coronavirus.
In April, the preliminary indicator IOAE showed an advance of 20.6% at the annual rate.
According to the Bank of Mexico, the Mexican economy would have a rebound of up to 7% this year, an insufficient figure when compared with the contraction of -8.5% registered in 2020.
With information from Reuters
