LatinNews Daily - 26 January 2022

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In brief: Minimal growth in Mexico’s economic activity

* Mexico’s national statistics institute (Inegi) has released the latest figures for its monthly global indicator of economic activity (IGAE), which show that economic activity increased 0.3% in seasonally-adjusted terms in November 2021 both compared to the previous month and compared to the same month of 2020. The latest figures show that, compared to October 2021, the primary sector (agriculture) increased 7.2% in seasonally-adjusted terms and the tertiary sector (services) increased 0.5% while the secondary sector (industry) contracted by 0.1%. In year-on-year terms, the primary sector grew 6.9% and the secondary sector by 0.7%, while there was no variation in the tertiary sector. Preliminary figures for December showed economic activity had dropped by 0.2% compared to the same month of the previous year.

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