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Mexico's economy grew 1.4% on a quarter-on-quarter basis in Q2 2024, slightly below the 1.5% posted in Q1 and the 1.5% consensus forecast. While the shortfall is small, it marks a second consecutive quarter of modest deceleration in sequential growth. Quarter-on-quarter GDP measures how fast an economy is expanding relative to the immediately preceding three months, offering a near-term view of economic momentum.
Aug 24, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep
Mexico's economy expanded 2.1% year-on-year in the second quarter of 2024, slightly below both the 2.2% recorded in Q1 and the 2.2% consensus estimate. The marginal miss suggests growth continued at a broadly stable pace even as it fell fractionally short of expectations. Annual GDP figures help gauge whether an economy is on a sustained expansion path compared with the same period a year earlier.
Aug 24, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep
Mexico's IPC benchmark index rose 2.14% to 65,729.18 on August 23, bringing its weekly gain to 2.07%. The index has risen in tandem with broader emerging market equity strength over the period. The IPC tracks the performance of the most liquid and largest companies listed on the Mexican Stock Exchange, making it a key indicator of investor confidence in the Mexican economy.
Aug 23, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep
Mexico's IPC stock index rose 2.14% on August 22 to 65,729.18, with a weekly gain of 2.08%. The index recovered alongside a broader improvement in risk sentiment across emerging markets. The IPC tracks the largest and most liquid companies listed on the Mexican Stock Exchange, spanning consumer, financial, and industrial sectors.
Aug 22, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep
Mexico's business confidence index stayed flat at 48.0 in July, matching the June reading and coming in above the consensus estimate of 46.8. Readings below 50 indicate that businesses are generally pessimistic about conditions, so the index remains in negative territory despite the beat. Business confidence surveys help gauge how Mexican firms view near-term investment and hiring prospects.
Aug 03, 17:51 UTCAlternativeMarkets.AI Newsroom · Data: Financial Modeling Prep