Firming Up – But For How Long?

MEXICO - Report 03 Sep 2014 by Mauricio Gonzalez, Guillermo Valdes, Esteban Manteca and Ernesto Cervera

Executive Summary

Economic news was largely unchanged this month. Areas of weakness, such as internal consumption, tended to fall less, while positive ones, such as industrial activity, recovered faster. The labor market also firmed up, and included the strongest gain in manufacturing employment for 18 months. A major fiscal injection in June evidently helped accelerate economic growth. The Q2 GDP report revealed a firm recovery, more robust than that of a year earlier. This bodes well for economic performance in H2.

But there were also persistent signs of weakness, alo...

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