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The
National Statistical Institute (INEGI, Instituto Nacional de
Estadística Geografía e Informática) reports:
In
November, the monthly indicator for economic activity (IGAE,
Indicador Global de la Actividad Económica) registered an increase of
0.9% in real terms compared with the same period last year. This was
notably worse than the 2.7% annual increase reported for October (revised
upward from 2.6% growth reported on 10 January 2003). Moreover,
according to seasonally adjusted data, the economy
contracted 0.75% in
November
over the preceding month.
On a
sectoral basis, agriculture declined 6.9%
(October: -3.8% year-on-year), industry dropped
0.5% (Oct: + 1.3% yoy) and services grew 2.4%
compared to the same month last year (Oct: +3.2% yoy).
Economic Activity ,
November 2001 - November 2002
Note: Year-on-year (yoy) variation
of the monthly indicator for economic activity (IGAE, Indicador Global de
la Actividad Económica) (not seasonally adjusted) in %.
Source: Instituto Nacional de Estadística Geografía e
Informática and LatinFocus calculations.
More detailed information
available at the Instituto Nacional de Estadística Geografía e
Informática (INEGI).
Forecasts: This indicator is covered in the
LatinFocus Consensus Forecast. For 5-year projections, including quarterly forecasts for
the next two years, please click here
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