LatinNews Daily - 26 January 2021

In brief: Mexico’s economy shows signs of recovery

* Mexico’s national statistics institute (Inegi) has released the latest figures for its global indicator of economic activity (Igae), which fell 3.9% in November 2020 compared with the same month in 2019 as a result of the impact of the coronavirus (Covid-19) pandemic. This compares with -5.3% year-on-year in October for the same indicator. The figures show Mexico’s primary sector (agriculture, farming, and fisheries) was up 8.8% year-on-year in November, while the secondary sector (industry) was down 3.7%, and the tertiary sector (services) was down 4.8%. In seasonally-adjusted terms, the Igae was up 0.9% in November compared with October, while the primary and secondary sectors were both up 1.1% and the tertiary sector expanded 0.2%.