Forex - Mexico Preview- due April 26 - February Proxy GDP IGAE - We expect 0.0% m/m, +0.6% y/y


 17:03 (GMT) 17 Apr

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Mexico Preview- due April 26 - February Proxy GDP IGAE - We expect 0.0% m/m, +0.6% y/y (0101-KNQY-C01)

We expect February Proxy GDP to come at 0.0%m/m, +0.6%y/y, with no calendar effect. Industrial Production produced a negative number at -0.8%y/y and early indicators for services and retail suggest a tertiary sector coming at 1.3%y/y. The m/m number suggest further slowdown in the economy in line for a softer 2019 performance and with Banxico's view that the economy is losing steam.


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