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LatinNews Daily - 27 October 2020
In brief: Slowdown in recovery of Mexico’s economic activity
* Mexico’s national statistics institute (Inegi) has released the latest figures for its global indicator of economic activity (Igae), which was up 1.1% in August compared with July. The primary sector (agriculture, farming, and fisheries) was down 5.9%, while the secondary sector (industry) was up 3.3%, and the tertiary sector (services) was up 0.4%. These figures reveal a slowdown in Mexico’s monthly economic recovery compared to a month earlier, when economic activity rose by 5.7% from June to July. In annual terms, economic activity in August was down 8.5% compared with the same month in 2019, as a result of the impact of the coronavirus (Covid-19) pandemic, with activity down 8.4% in the secondary sector, down 9.3% in the tertiary sector, and up 5.9% in the primary sector.
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