Free Trial

June Activity & Final Q2 GDP, Morena Party Release Party Survey Details

MEXICO
  • Activity in Mexico likely rose 4.19% over the previous year in June, extending the month-on-month uptrend. Alongside the data, the final reading of second quarter GDP will be released at 1300BST/0800ET:
    • June Economic Activity IGAE M/m, est. 0.50%, prior -0.03%
    • June Economic Activity IGAE Y/y, est. 4.19%, prior 4.31%
    • Q2 GDP NSA Y/y, est. 3.8%, prior 3.7%
    • Q2 GDP SA Q/q, est. 1.0%, prior 0.9%
    • Q2 GDP Nominal Y/y, prior 8.2%
    • 1600BST/1100ET: Officials from Banxico, CNBV talk at “Fintech Week” conference
  • Mexico’s ruling party Morena revealed additional details of the survey by which it will select its nominee for 2024 presidential elections as it seeks to boost credibility for the process. The party will survey 12,500 people as it seeks to choose a “national coordinator” for the campaign, who is widely expected to be the candidate next year.
  • The Defense Ministry said Monday in a statement that 1,200 more troops were sent to Michoacan state after a weekend of violent street blockades.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.