Mexico's Economic Outlook Weakens

From dallasfed.org

Preliminary revision to Mexico’s first-quarter gross domestic product (GDP) growth suggested a decline of 0.7 percent annualized, up from the initial estimate of a -0.8 percent. Meanwhile, the monthly economic activity index grew in April. Nevertheless, the consensus GDP growth forecast for 2019, compiled by Banco de México, was revised down to 1.3 percent in May from 1.5 percent in April.[1] More recent data are mixed. Exports, industrial production and retail sales grew. Employment growth remained below trend. The peso lost some ground against the dollar, while inflation held steady. Economic Activity Up in ... (full story)