The Mexican economy warns of stable growth for the coming months, according to the OECD – El Financiero Index

While large economies are losing momentum, the Mexican economy maintains its dynamism for the coming months according to the main composite indicators of the Organization for Economic Co-operation and Development (OECD), once it was located at 100.6 points, the second highest level among countries. Of the OIC nations, it was only bettered by Ireland with 101.4 points and above average 98.3 points.

“The OECD Composite Index of Leading Indicators, designed to anticipate economic volatility relative to trend, continues to show signs of a weakening outlook in the OECD region and in most economies, based on data as of November 2022,” the agency’s statement said.

Among the largest economies in the Organization for Economic Co-operation and Development, a continuation of the slowdown trend in the index is observed, as is the case in the United States, which reached 98.4 points from 98.6 in October and 99.3 in June; In the United Kingdom, Canada, as well as in Germany, France and Italy, it was initially attributed to higher inflation and higher interest rates. In contrast, Japan showed stable growth, ranking in Japan at 100.2 points.

In Mexico, the index of the main composite indices was located in November at 100.6 points, indicating stable growth after the previous month was the same reading with a marginal downward trend from 100.7 in September, 100.9 in August, 101.1 in July and from highs of 101.7 in February. and March 2022.

The OECD averaged a score of 98.3 in November, compared with 98.4 and 98.6 in October and September, respectively.