Economics: Latest Data Bodes Ill for 2H15

MEXICO - Report 01 Jul 2015 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary For some time, information regarding the relative strength of the Mexican economy has been volatile and in some instances points to apparent contradictions. The same can be said of the indicators released to date for the first four months of 2015. A few weeks ago the National Statistics Office announced that GDP had grown at a 12-month rate of 2.5% in the first quarter of 2015, but only managed a seasonally adjusted increase of 0.4% compared to the immediately preceding quarter, a result that confirms the trend toward a flattening of economic activity seen since the beginn...

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