Mexico Domestic Demand Firmed In April Driven By Investment

Mexico's April economic data revealed a surge in gross fixed investment driven by construction, while household consumption growth decelerated significantly.

Key Takeaways

• 1.Gross fixed investment (GFI) grew significantly in April at 4.0% mom sa, beating consensus expectations.
• 2.Household consumption growth remained soft at 0.1% mom sa in April, following March's 1.2% increase.
• 3.Activity headwinds expected from soft business confidence and a peaking credit cycle.

Table of Contents

• KEY NUMBERS (Apr):
• MAIN POINTS:
• Disclosure Appendix

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